Paypal Holdings Inc (PYPL) Shares Bought by Webster Bank N. A.

Webster Bank N. A. raised its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 1.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,621 shares of the credit services provider’s stock after purchasing an additional 241 shares during the period. Webster Bank N. A.’s holdings in Paypal were worth $1,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truehand Inc acquired a new stake in Paypal during the fourth quarter valued at approximately $25,000. Bruderman Asset Management LLC bought a new stake in shares of Paypal during the 4th quarter worth $27,000. Karp Capital Management Corp bought a new stake in shares of Paypal during the 4th quarter worth $37,000. Virtus ETF Advisers LLC boosted its holdings in shares of Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after buying an additional 113 shares during the period. Finally, Liberty Wealth Management LLC bought a new stake in Paypal in the 4th quarter valued at $39,000. 81.34% of the stock is owned by institutional investors.

In related news, EVP Aaron Karczmer sold 6,813 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.25, for a total transaction of $669,377.25. Following the completion of the sale, the executive vice president now directly owns 57,859 shares of the company’s stock, valued at approximately $5,684,646.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John D. Rainey sold 32,999 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $89.21, for a total value of $2,943,840.79. Following the sale, the chief financial officer now directly owns 140,844 shares of the company’s stock, valued at $12,564,693.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 280,295 shares of company stock valued at $26,469,952. 0.20% of the stock is owned by corporate insiders.

PYPL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a report on Monday, January 14th. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Craig Hallum restated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Paypal in a research report on Thursday, January 31st. Guggenheim lowered shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 target price on the stock. in a research note on Wednesday, February 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $110.00) on shares of Paypal in a research note on Monday, January 7th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $100.12.

Paypal stock opened at $108.20 on Wednesday. The firm has a market cap of $126.83 billion, a P/E ratio of 60.45, a PEG ratio of 2.83 and a beta of 1.03. Paypal Holdings Inc has a one year low of $70.22 and a one year high of $109.00.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts forecast that Paypal Holdings Inc will post 2.15 EPS for the current year.

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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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