Paypal Holdings Inc (NASDAQ:PYPL) Shares Purchased by Perkins Coie Trust Co

Perkins Coie Trust Co boosted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,115 shares of the credit services provider’s stock after purchasing an additional 1,011 shares during the period. Perkins Coie Trust Co’s holdings in Paypal were worth $2,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wendell David Associates Inc. boosted its holdings in Paypal by 3.5% in the second quarter. Wendell David Associates Inc. now owns 2,640 shares of the credit services provider’s stock worth $302,000 after purchasing an additional 89 shares in the last quarter. Investment Management of Virginia LLC raised its position in Paypal by 0.9% in the second quarter. Investment Management of Virginia LLC now owns 9,883 shares of the credit services provider’s stock worth $1,131,000 after purchasing an additional 90 shares in the last quarter. Magnus Financial Group LLC increased its holdings in shares of Paypal by 2.0% during the first quarter. Magnus Financial Group LLC now owns 4,832 shares of the credit services provider’s stock worth $502,000 after buying an additional 97 shares in the last quarter. Long Road Investment Counsel LLC increased its holdings in shares of Paypal by 0.7% during the first quarter. Long Road Investment Counsel LLC now owns 15,000 shares of the credit services provider’s stock worth $1,558,000 after buying an additional 100 shares in the last quarter. Finally, Boenning & Scattergood Inc. increased its holdings in shares of Paypal by 1.1% during the second quarter. Boenning & Scattergood Inc. now owns 9,467 shares of the credit services provider’s stock worth $1,084,000 after buying an additional 100 shares in the last quarter. 80.53% of the stock is currently owned by institutional investors.

Paypal stock traded up $1.94 during mid-day trading on Friday, reaching $102.48. The stock had a trading volume of 2,494,531 shares, compared to its average volume of 6,483,264. The company has a market capitalization of $116.88 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 2.24 and a beta of 0.96. The company has a 50-day moving average price of $105.41 and a two-hundred day moving average price of $109.72. Paypal Holdings Inc has a one year low of $74.66 and a one year high of $121.48.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. Paypal’s revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that Paypal Holdings Inc will post 2.41 EPS for the current year.

In other Paypal news, CEO Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the transaction, the chief executive officer now directly owns 487,074 shares in the company, valued at approximately $52,160,754.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the transaction, the executive vice president now owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,417 shares of company stock valued at $14,511,700. 0.15% of the stock is currently owned by corporate insiders.

Several analysts have recently commented on the stock. Deutsche Bank increased their price target on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. increased their target price on shares of Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Berenberg Bank restated a “buy” rating and set a $125.00 price objective on shares of Paypal in a report on Friday, July 26th. Craig Hallum raised their price objective on shares of Paypal from $125.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Finally, Morgan Stanley set a $129.00 price target on shares of Paypal and gave the company a “buy” rating in a research note on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $122.17.

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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