GWM Advisors LLC boosted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 77.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,527 shares of the credit services provider’s stock after buying an additional 3,720 shares during the period. GWM Advisors LLC’s holdings in Paypal were worth $749,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Archford Capital Strategies LLC raised its holdings in shares of 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 during the last quarter. Patton Albertson Miller Group LLC acquired a new position in Paypal during the third quarter worth $126,000. Landaas & Co. WI ADV acquired a new position in Paypal during the second quarter worth $135,000. Adviser Investments LLC increased its holdings in Paypal by 165.3% during the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after buying an additional 1,030 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in Paypal by 50.8% during the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock worth $142,000 after buying an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.
PYPL has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Paypal in a report on Tuesday, July 10th. They set a “buy” rating and a $98.00 target price on the stock. Stephens restated a “buy” rating and set a $91.00 target price on shares of Paypal in a report on Friday, July 13th. Wolfe Research initiated coverage on shares of Paypal in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. SunTrust Banks boosted their target price on shares of Paypal to $92.00 and gave the stock a “$88.22” rating in a report on Wednesday, July 18th. Finally, Morgan Stanley boosted their target price on shares of Paypal from $89.00 to $96.00 and gave the stock a “$87.38” rating in a report on Thursday, July 19th. Seven investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and an average price target of $93.93.
In other news, insider Daniel H. Schulman sold 26,000 shares of the business’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 completion of the sale, the insider now owns 323,316 shares of the company’s stock, valued at $29,884,097.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan Auerbach sold 4,684 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $83.81, for a total transaction of $392,566.04. Following the completion of the sale, the executive vice president now directly owns 97,433 shares of the company’s stock, valued at approximately $8,165,859.73. The disclosure for this sale can be found here. In the last three months, insiders sold 378,746 shares of company stock valued at $31,947,907. 0.20% of the stock is currently owned by company insiders.
PYPL stock opened at $83.51 on Friday. Paypal Holdings Inc has a one year low of $68.61 and a one year high of $93.70. The firm has a market cap of $95.33 billion, a price-to-earnings ratio of 60.08, a P/E/G ratio of 2.54 and a beta of 1.31.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current year.
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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