Lodestar Investment Counsel LLC IL Invests $206,000 in Paypal Holdings Inc (PYPL)

Lodestar Investment Counsel LLC IL bought a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,350 shares of the credit services provider’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. grew its stake in shares of Paypal by 50.8% in the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock worth $142,000 after acquiring an additional 580 shares during the last quarter. M&R Capital Management Inc. grew its stake in shares of Paypal by 10.5% in the second quarter. M&R Capital Management Inc. now owns 6,180 shares of the credit services provider’s stock worth $514,000 after acquiring an additional 585 shares during the last quarter. Twin Capital Management Inc. grew its stake in shares of Paypal by 1.0% in the second quarter. Twin Capital Management Inc. now owns 58,010 shares of the credit services provider’s stock worth $4,830,000 after acquiring an additional 600 shares during the last quarter. Bremer Trust National Association grew its stake in shares of Paypal by 4.5% in the second quarter. Bremer Trust National Association now owns 13,952 shares of the credit services provider’s stock worth $1,162,000 after acquiring an additional 605 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. grew its stake in shares of Paypal by 19.7% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,744 shares of the credit services provider’s stock worth $311,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.

A number of research firms have recently commented on PYPL. Canaccord Genuity increased their target price on Paypal from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday. BMO Capital Markets increased their target price on Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday. Craig Hallum reissued a “buy” rating on shares of Paypal in a research note on Friday. Stifel Nicolaus increased their target price on Paypal to $108.00 and gave the stock a “buy” rating in a research note on Friday. Finally, SunTrust Banks cut their target price on Paypal to $88.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.65.

In related news, VP Aaron Anderson sold 17,062 shares of Paypal stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $1,505,209.64. Following the sale, the vice president now owns 9,921 shares of the company’s stock, valued at approximately $875,230.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John D. Rainey sold 5,462 shares of Paypal stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $481,857.64. Following the sale, the chief financial officer now directly owns 113,307 shares in the company, valued at approximately $9,995,943.54. The disclosure for this sale can be found here. Insiders have sold a total of 149,732 shares of company stock worth $13,204,157 in the last three months. 0.20% of the stock is owned by corporate insiders.

NASDAQ PYPL opened at $84.78 on Friday. Paypal Holdings Inc has a 52 week low of $68.61 and a 52 week high of $93.70. The stock has a market capitalization of $94.80 billion, a PE ratio of 60.99, a P/E/G ratio of 2.60 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. On average, research analysts expect that Paypal Holdings Inc will post 1.74 EPS for the current fiscal 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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