Tiedemann Advisors LLC Has $526,000 Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Tiedemann Advisors LLC grew its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 40.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,066 shares of the credit services provider’s stock after purchasing an additional 1,459 shares during the period. Tiedemann Advisors LLC’s holdings in Paypal were worth $526,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Insight Wealth Strategies LLC lifted its stake in Paypal by 11.7% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,623 shares of the credit services provider’s stock valued at $1,826,000 after purchasing an additional 1,842 shares during the last quarter. Rational Advisors LLC lifted its stake in Paypal by 1.4% in the 3rd quarter. Rational Advisors LLC now owns 11,002 shares of the credit services provider’s stock valued at $1,139,000 after purchasing an additional 156 shares during the last quarter. Corient Capital Partners LLC lifted its stake in Paypal by 6.6% in the 3rd quarter. Corient Capital Partners LLC now owns 32,834 shares of the credit services provider’s stock valued at $3,401,000 after purchasing an additional 2,043 shares during the last quarter. Somerville Kurt F lifted its stake in Paypal by 1.0% in the 3rd quarter. Somerville Kurt F now owns 64,932 shares of the credit services provider’s stock valued at $6,727,000 after purchasing an additional 625 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in Paypal by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 44,809 shares of the credit services provider’s stock valued at $4,642,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 81.11% of the company’s stock.

Shares of PYPL traded up $0.16 during trading hours on Friday, hitting $103.89. 335,373 shares of the stock were exchanged, compared to its average volume of 8,282,408. Paypal Holdings Inc has a fifty-two week low of $75.47 and a fifty-two week high of $121.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50-day moving average of $102.51 and a 200-day moving average of $109.19. The firm has a market capitalization of $119.80 billion, a P/E ratio of 58.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Paypal had a net margin of 14.89% and a return on equity of 16.73%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the company posted $0.58 earnings per share. Paypal’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, analysts forecast that Paypal Holdings Inc will post 2.3 earnings per share for the current fiscal year.

Several brokerages recently commented on PYPL. Barclays increased their price objective on shares of Paypal from $127.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. KeyCorp increased their price objective on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Co increased their price objective on shares of Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Rosenblatt Securities restated a “buy” rating and issued a $128.00 price target on shares of Paypal in a research report on Thursday, October 24th. Finally, Raymond James decreased their price target on shares of Paypal from $129.00 to $122.00 and set an “outperform” rating for the company in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the stock. Paypal currently has a consensus rating of “Buy” and a consensus price target of $123.10.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $108.62, for a total value of $3,258,600.00. Following the completion of the sale, the insider now directly owns 472,074 shares in the company, valued at $51,276,677.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John D. Rainey sold 5,507 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $104.46, for a total transaction of $575,261.22. Following the completion of the sale, the chief financial officer now owns 107,845 shares of the company’s stock, valued at $11,265,488.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,790 shares of company stock valued at $11,063,917. 0.15% of the stock is currently owned by corporate insiders.

About Paypal

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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