Paypal Holdings Inc (PYPL) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 652,794 shares of the credit services provider’s stock after purchasing an additional 27,428 shares during the quarter. Aperio Group LLC owned 0.06% of Paypal worth $57,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Sitrin Capital Management LLC lifted its holdings in shares of Paypal by 2.2% during the third quarter. Sitrin Capital Management LLC now owns 78,505 shares of the credit services provider’s stock valued at $6,896,000 after purchasing an additional 1,674 shares in the last quarter. Highland Capital Management LLC lifted its holdings in shares of Paypal by 6.1% during the third quarter. Highland Capital Management LLC now owns 104,123 shares of the credit services provider’s stock valued at $9,146,000 after purchasing an additional 5,942 shares in the last quarter. BB&T Corp lifted its holdings in shares of Paypal by 12.8% during the third quarter. BB&T Corp now owns 93,381 shares of the credit services provider’s stock valued at $8,203,000 after purchasing an additional 10,582 shares in the last quarter. Coastline Trust Co lifted its holdings in shares of Paypal by 24.9% during the third quarter. Coastline Trust Co now owns 3,665 shares of the credit services provider’s stock valued at $322,000 after purchasing an additional 730 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Paypal by 7.1% during the third quarter. GHP Investment Advisors Inc. now owns 25,583 shares of the credit services provider’s stock valued at $2,247,000 after purchasing an additional 1,685 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PYPL opened at $77.48 on Friday. The stock has a market capitalization of $103.97 billion, a price-to-earnings ratio of 56.35, a P/E/G ratio of 2.86 and a beta of 1.31. Paypal Holdings Inc has a 52 week low of $66.16 and a 52 week high of $93.70.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. As a group, sell-side analysts expect that Paypal Holdings Inc will post 1.73 EPS for the current year.

In other Paypal news, VP Aaron Anderson sold 17,062 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $1,505,209.64. Following the completion of the sale, the vice president now owns 9,921 shares in the company, valued at $875,230.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $92.43, for a total value of $2,403,180.00. Following the completion of the sale, the insider now owns 323,316 shares of the company’s stock, valued at approximately $29,884,097.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,732 shares of company stock valued at $13,204,157. Company insiders own 0.20% of the company’s stock.

A number of brokerages have recently issued reports on PYPL. Berenberg Bank began coverage on Paypal in a report on Thursday, August 30th. They set a “buy” rating and a $104.00 price target on the stock. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Zacks Investment Research downgraded Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Raymond James raised Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a report on Friday, September 14th. Finally, KeyCorp reissued an “overweight” rating and issued a $100.00 target price (up previously from $95.00) on shares of Paypal in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $91.89.

Paypal 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.

Further Reading: Trading Strategy

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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