JNBA Financial Advisors boosted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 652.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,134 shares of the credit services provider’s stock after acquiring an additional 6,186 shares during the quarter. JNBA Financial Advisors’ holdings in Paypal were worth $627,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of PYPL. Archford Capital Strategies LLC increased its stake in Paypal by 92.6% during the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 625 shares during the last quarter. Patton Albertson Miller Group LLC purchased a new position in shares of Paypal during the third quarter worth $126,000. Landaas & Co. WI ADV purchased a new position in shares of Paypal during the second quarter worth $135,000. Adviser Investments LLC boosted its position in shares of 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 period. Finally, Itau Unibanco Holding S.A. boosted its position in shares of 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 period. 79.55% of the stock is owned by institutional investors.
Several research analysts have recently commented on the company. Berenberg Bank assumed coverage on Paypal in a research report on Thursday, August 30th. They set a “buy” rating and a $104.00 price target for the company. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Raymond James upgraded Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price target for the company in a research report on Friday, September 14th. Finally, KeyCorp restated an “overweight” rating and set a $100.00 price target (up from $95.00) on shares of Paypal in a research report on Wednesday, July 25th. Seven investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $93.93.
NASDAQ:PYPL opened at $83.51 on Friday. The firm has a market capitalization of $98.40 billion, a P/E ratio of 60.08, a P/E/G ratio of 2.62 and a beta of 1.23. Paypal Holdings Inc has a 12-month low of $68.61 and a 12-month high of $93.70.
Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. Paypal’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. As a group, research analysts anticipate that Paypal Holdings Inc will post 1.79 EPS for the current year.
In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of Paypal stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total transaction of $2,193,880.00. Following the completion of the sale, the insider now directly owns 320,026 shares of the company’s stock, valued at approximately $27,003,793.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adele Louise Pentland sold 8,149 shares of Paypal stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $84.68, for a total value of $690,057.32. Following the sale, the executive vice president now directly owns 61,056 shares of the company’s stock, valued at $5,170,222.08. The disclosure for this sale can be found here. Insiders have sold a total of 378,746 shares of company stock valued at $31,947,907 over the last ninety days. 0.20% of the stock is owned by company insiders.
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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