Paypal Holdings Inc (NASDAQ:PYPL) Stock Position Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 12.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,626 shares of the credit services provider’s stock after purchasing an additional 737 shares during the period. Sequoia Financial Advisors LLC’s holdings in Paypal were worth $686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Woods Capital Investors LLC acquired a new stake in shares of Paypal in the second quarter worth $1,647,000. Cresset Asset Management LLC lifted its stake in shares of Paypal by 15.5% in the second quarter. Cresset Asset Management LLC now owns 18,081 shares of the credit services provider’s stock worth $2,070,000 after buying an additional 2,427 shares during the last quarter. InterOcean Capital LLC lifted its stake in shares of Paypal by 4.5% in the second quarter. InterOcean Capital LLC now owns 4,680 shares of the credit services provider’s stock worth $536,000 after buying an additional 200 shares during the last quarter. National Pension Service lifted its stake in shares of Paypal by 7.7% in the second quarter. National Pension Service now owns 1,217,624 shares of the credit services provider’s stock worth $139,369,000 after buying an additional 86,572 shares during the last quarter. Finally, Geneva Partners LLC lifted its stake in shares of Paypal by 0.3% in the second quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock worth $4,296,000 after buying an additional 120 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Craig Hallum upped their target price on shares of Paypal from $125.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Berenberg Bank reiterated a “buy” rating and set a $125.00 target price on shares of Paypal in a research note on Friday, July 26th. Bank of America reiterated a “buy” rating and set a $127.00 target price (down from $131.00) on shares of Paypal in a research note on Friday, September 13th. Morgan Stanley set a $129.00 target price on shares of Paypal and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Oppenheimer upped their target price on shares of Paypal from $116.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Paypal has a consensus rating of “Buy” and an average price target of $122.81.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $110.87, for a total value of $3,326,100.00. Following the completion of the sale, the chief executive officer now directly owns 457,074 shares in the company, valued at approximately $50,675,794.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,417 shares of company stock worth $14,511,700. Corporate insiders own 0.15% of the company’s stock.

NASDAQ:PYPL traded down $1.28 during mid-day trading on Wednesday, reaching $96.08. 8,631,864 shares of the company were exchanged, compared to its average volume of 5,635,619. Paypal Holdings Inc has a 12 month low of $75.47 and a 12 month high of $121.48. The company has a fifty day moving average of $103.92 and a 200 day moving average of $109.62. The stock has a market cap of $119.36 billion, a PE ratio of 53.68, a PEG ratio of 2.36 and a beta of 0.96.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts predict that Paypal Holdings Inc will post 2.36 EPS for the current fiscal year.

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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