Paypal Holdings Inc (PYPL) Holdings Cut by Cortland Associates Inc. MO

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Cortland Associates Inc. MO decreased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 312,472 shares of the credit services provider’s stock after selling 3,867 shares during the quarter. Paypal makes up about 4.8% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 12th largest position. Cortland Associates Inc. MO’s holdings in Paypal were worth $26,276,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Paypal in the fourth quarter worth $48,000. Cornerstone Advisors Inc. increased its stake in shares of Paypal by 66.5% in the third quarter. Cornerstone Advisors Inc. now owns 601 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 240 shares during the period. Mondrian Capital Management LLC acquired a new stake in shares of Paypal in the fourth quarter worth $84,000. Legacy Financial Advisors Inc. increased its stake in shares of Paypal by 135.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,052 shares of the credit services provider’s stock worth $88,000 after acquiring an additional 606 shares during the period. Finally, Gemmer Asset Management LLC increased its stake in shares of Paypal by 124.4% in the fourth quarter. Gemmer Asset Management LLC now owns 1,084 shares of the credit services provider’s stock worth $91,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

PYPL opened at $91.87 on Monday. The firm has a market cap of $108.26 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 2.35 and a beta of 1.00. Paypal Holdings Inc has a 52-week low of $70.22 and a 52-week high of $94.58.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, equities research analysts predict that Paypal Holdings Inc will post 2.14 EPS for the current year.

A number of analysts have recently weighed in on PYPL shares. Zacks Investment Research upgraded shares of Paypal from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. SunTrust Banks cut their price objective on shares of Paypal to $88.00 and set a “hold” rating on the stock in a research note on Friday, October 19th. Craig Hallum reiterated a “buy” rating on shares of Paypal in a research note on Friday, October 19th. BMO Capital Markets increased their price target on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. Finally, BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $96.75.

In other Paypal news, COO William J. Ready sold 27,458 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the transaction, the chief operating officer now directly owns 85,485 shares of the company’s stock, valued at $7,342,306.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $83.92, for a total transaction of $2,181,920.00. Following the completion of the transaction, the insider now directly owns 326,826 shares in the company, valued at $27,427,237.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,736 shares of company stock worth $16,945,066. Insiders own 0.20% of the company’s stock.

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About Paypal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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