Lyell Wealth Management LP Purchases 1,060 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Lyell Wealth Management LP grew its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 66,566 shares of the credit services provider’s stock after purchasing an additional 1,060 shares during the quarter. Paypal accounts for 2.3% of Lyell Wealth Management LP’s portfolio, making the stock its 7th largest position. Lyell Wealth Management LP’s holdings in Paypal were worth $7,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Paypal by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,149,415 shares of the credit services provider’s stock valued at $180,744,000 after purchasing an additional 6,044 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Paypal by 161,048.0% in the first quarter. Pacer Advisors Inc. now owns 164,371 shares of the credit services provider’s stock worth $17,068,000 after buying an additional 164,269 shares during the last quarter. Grassi Investment Management lifted its position in shares of Paypal by 7.0% in the first quarter. Grassi Investment Management now owns 44,400 shares of the credit services provider’s stock worth $4,610,000 after buying an additional 2,900 shares during the last quarter. Old North State Trust LLC lifted its position in shares of Paypal by 23.9% in the first quarter. Old North State Trust LLC now owns 675 shares of the credit services provider’s stock worth $70,000 after buying an additional 130 shares during the last quarter. Finally, Webster Bank N. A. lifted its position in shares of Paypal by 1.4% in the first quarter. Webster Bank N. A. now owns 17,621 shares of the credit services provider’s stock worth $1,830,000 after buying an additional 241 shares during the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the transaction, the insider now owns 523,821 shares of the company’s stock, valued at approximately $58,191,274.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan Auerbach sold 8,730 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the transaction, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,840 shares of company stock worth $11,257,532. Company insiders own 0.15% of the company’s stock.

Shares of PYPL traded up $0.51 on Wednesday, hitting $103.23. The company’s stock had a trading volume of 2,110,958 shares, compared to its average volume of 6,890,639. The firm has a market capitalization of $123.34 billion, a P/E ratio of 57.67, a PEG ratio of 2.42 and a beta of 0.97. Paypal Holdings Inc has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The business has a 50 day moving average price of $114.18.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping 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 return on equity of 17.14% and a net margin of 15.36%. Paypal’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. Research analysts anticipate that Paypal Holdings Inc will post 2.41 EPS for the current year.

A number of equities analysts have recently commented on the company. UBS Group lowered Paypal from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $101.00 to $120.00 in a research note on Wednesday, April 17th. Robert W. Baird lifted their price objective on Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. KeyCorp lifted their price objective on Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Nomura lifted their price objective on Paypal from $123.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Bank of America reiterated a “buy” rating and issued a $131.00 price objective (up from $123.00) on shares of Paypal in a research note on Thursday, June 13th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $120.81.

Paypal 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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