Kovack Advisors Inc. Has $829,000 Holdings in PayPal (PYPL)

Kovack Advisors Inc. raised its holdings in PayPal (NASDAQ:PYPL) by 11.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,923 shares of the credit services provider’s stock after acquiring an additional 1,098 shares during the period. Kovack Advisors Inc.’s holdings in PayPal were worth $829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PYPL. Truewealth LLC acquired a new position in PayPal in the 4th quarter valued at $106,000. Jacobi Capital Management LLC raised its holdings in PayPal by 122.4% in the 1st quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 804 shares during the last quarter. Risk Paradigm Group LLC raised its holdings in PayPal by 282.5% in the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after acquiring an additional 1,130 shares during the last quarter. QCI Asset Management Inc. NY raised its holdings in PayPal by 160.6% in the 1st quarter. QCI Asset Management Inc. NY now owns 1,574 shares of the credit services provider’s stock valued at $119,000 after acquiring an additional 970 shares during the last quarter. Finally, Well Done LLC acquired a new stake in shares of PayPal during the 1st quarter worth $128,000. Institutional investors own 78.22% of the company’s stock.

PayPal opened at $85.27 on Thursday, MarketBeat reports. The stock has a market capitalization of $99.61 billion, a price-to-earnings ratio of 61.35, a PEG ratio of 2.77 and a beta of 1.31. PayPal has a 1-year low of $50.83 and a 1-year high of $86.32.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. equities research analysts predict that PayPal will post 1.71 earnings per share for the current year.

In other news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $75.90, for a total transaction of $1,973,400.00. Following the transaction, the insider now owns 346,300 shares of the company’s stock, valued at $26,284,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Auerbach sold 20,242 shares of the stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $74.64, for a total transaction of $1,510,862.88. The disclosure for this sale can be found here. Insiders have sold 192,482 shares of company stock worth $14,689,631 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

PYPL has been the subject of a number of research analyst reports. ValuEngine upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Stifel Nicolaus upped their price objective on PayPal from $79.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 26th. Wedbush upped their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 8th. JPMorgan Chase & Co. upped their price objective on PayPal from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Finally, Loop Capital upped their price objective on PayPal to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $83.14.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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