Paypal Holdings Inc (NASDAQ:PYPL) Stake Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 165.3% in the third quarter, Holdings Channel reports. The institutional investor owned 37,288 shares of the credit services provider’s stock after acquiring an additional 23,232 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Paypal were worth $7,367,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. increased its stake in shares of Paypal by 40.1% in the second quarter. Great Valley Advisor Group Inc. now owns 6,128 shares of the credit services provider’s stock worth $1,068,000 after buying an additional 1,754 shares during the last quarter. Vident Investment Advisory LLC increased its stake in shares of Paypal by 12.1% in the second quarter. Vident Investment Advisory LLC now owns 6,724 shares of the credit services provider’s stock worth $1,172,000 after buying an additional 725 shares during the last quarter. Royal Fund Management LLC increased its stake in shares of Paypal by 20.1% in the third quarter. Royal Fund Management LLC now owns 4,196 shares of the credit services provider’s stock worth $826,000 after buying an additional 702 shares during the last quarter. CX Institutional increased its stake in shares of Paypal by 44.8% in the third quarter. CX Institutional now owns 1,296 shares of the credit services provider’s stock worth $255,000 after buying an additional 401 shares during the last quarter. Finally, Quilter Plc increased its stake in shares of Paypal by 5.6% in the second quarter. Quilter Plc now owns 11,080 shares of the credit services provider’s stock worth $1,930,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

Shares of Paypal stock opened at $204.45 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $192.63 and its two-hundred day moving average price is $164.25. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $212.45. The stock has a market cap of $239.88 billion, a PE ratio of 93.78, a price-to-earnings-growth ratio of 3.11 and a beta of 1.14.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The firm had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the business earned $0.86 earnings per share. Paypal’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts predict that Paypal Holdings Inc will post 2.75 EPS for the current fiscal year.

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Paypal from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Daiwa Capital Markets reiterated an “outperform” rating and set a $201.00 target price on shares of Paypal in a research note on Tuesday, July 21st. Rosenblatt Securities boosted their target price on shares of Paypal from $196.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. BTIG Research reiterated a “hold” rating on shares of Paypal in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Paypal from $200.00 to $234.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and an average target price of $197.98.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $183.82, for a total value of $4,595,500.00. Following the sale, the chief executive officer now directly owns 469,603 shares in the company, valued at $86,322,423.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Aaron Anderson sold 9,203 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $193.62, for a total value of $1,781,884.86. Following the sale, the chief accounting officer now owns 20,840 shares in the company, valued at approximately $4,035,040.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,409 shares of company stock worth $22,178,495. 0.12% of the stock is owned by company insiders.

Paypal Company Profile

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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