Lyell Wealth Management LP increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,705 shares of the credit services provider’s stock after buying an additional 2,035 shares during the period. Paypal accounts for about 1.9% of Lyell Wealth Management LP’s investment portfolio, making the stock its 13th biggest holding. Lyell Wealth Management LP’s holdings in Paypal were worth $5,596,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Archford Capital Strategies LLC increased its stake in Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 625 shares in the last quarter. Patton Albertson Miller Group LLC bought a new stake in Paypal in the third quarter valued at approximately $126,000. Landaas & Co. WI ADV bought a new stake in Paypal in the second quarter valued at approximately $135,000. Adviser Investments LLC increased its stake in Paypal by 165.3% in the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 1,030 shares in the last quarter. Finally, ELM Advisors LLC bought a new stake in Paypal in the third quarter valued at approximately $149,000. 79.55% of the stock is owned by institutional investors and hedge funds.
NASDAQ PYPL opened at $85.04 on Friday. The stock has a market cap of $95.33 billion, a PE ratio of 61.18, a P/E/G ratio of 2.54 and a beta of 1.31. Paypal Holdings Inc has a 52-week low of $68.61 and a 52-week high of $93.70.
Paypal (NASDAQ:PYPL) last released 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. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the firm earned $0.46 earnings per share. Paypal’s revenue for the quarter was up 13.7% compared to the same quarter last year. Research analysts forecast that Paypal Holdings Inc will post 1.79 earnings per share for the current year.
In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $92.43, for a total value of $2,403,180.00. Following the transaction, the insider now directly owns 323,316 shares of the company’s stock, valued at approximately $29,884,097.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John J. Donahoe sold 139,290 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $82.51, for a total transaction of $11,492,817.90. Following the completion of the transaction, the director now directly owns 125,136 shares in the company, valued at $10,324,971.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 352,746 shares of company stock worth $29,754,027. 0.20% of the stock is owned by insiders.
Several equities research analysts have recently issued reports on PYPL shares. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Wednesday, October 24th. BidaskClub downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Stephens reissued a “buy” rating and set a $91.00 price objective on shares of Paypal in a research report on Friday, July 13th. Stifel Nicolaus increased their price objective on shares of Paypal to $108.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. Finally, SunTrust Banks increased their price objective on shares of Paypal to $92.00 and gave the stock a “$88.22” rating in a research report on Wednesday, July 18th. Seven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Paypal has an average rating of “Buy” and an average target price of $93.93.
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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