Middleton & Co Inc MA Increases Stock Position in Paypal Holdings Inc (NASDAQ:PYPL)

Middleton & Co Inc MA lifted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 43,724 shares of the credit services provider’s stock after purchasing an additional 580 shares during the period. Middleton & Co Inc MA’s holdings in Paypal were worth $5,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Semmax Financial Advisors Inc. raised its stake in shares of Paypal by 630.2% during the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 271 shares in the last quarter. Private Ocean LLC raised its stake in shares of Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 290 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Paypal during the 4th quarter worth approximately $39,000. CX Institutional raised its stake in shares of Paypal by 605.7% during the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 321 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of Paypal during the 1st quarter worth approximately $42,000. 80.82% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on PYPL shares. KeyCorp boosted their price objective on shares of Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Canaccord Genuity boosted their price objective on shares of Paypal from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Nomura boosted their price objective on shares of Paypal from $123.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price objective on shares of Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $120.81.

Shares of Paypal stock opened at $104.73 on Monday. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $121.48. The firm has a market cap of $126.01 billion, a price-to-earnings ratio of 58.51, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97. The company’s 50 day moving average is $116.59.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. On average, analysts expect that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

In other news, EVP Jonathan Auerbach sold 8,730 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the sale, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $109.73, for a total transaction of $3,291,900.00. Following the completion of the sale, the insider now directly owns 538,821 shares in the company, valued at $59,124,828.33. The disclosure for this sale can be found here. Insiders sold a total of 101,840 shares of company stock worth $11,336,732 over the last ninety days. Insiders own 0.15% of the company’s stock.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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