Paypal Holdings Inc (PYPL) Shares Sold by Trust Co

Trust Co cut its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,806 shares of the credit services provider’s stock after selling 1,815 shares during the period. Trust Co’s holdings in Paypal were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. increased its position in Paypal by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after buying an additional 60 shares in the last quarter. Calamos Wealth Management LLC increased its position in Paypal by 0.3% in the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after buying an additional 98 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in Paypal by 1.2% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,642 shares of the credit services provider’s stock valued at $464,000 after buying an additional 99 shares in the last quarter. Linscomb & Williams Inc. increased its position in Paypal by 0.7% in the 2nd quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock valued at $872,000 after buying an additional 117 shares in the last quarter. Finally, Green Square Capital LLC increased its position in Paypal by 2.0% in the 2nd quarter. Green Square Capital LLC now owns 6,748 shares of the credit services provider’s stock valued at $362,000 after buying an additional 133 shares in the last quarter. 80.73% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the purchase, the director now owns 10,149 shares in the company, valued at $751,431.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.00% of the stock is currently owned by corporate insiders.

Shares of Paypal Holdings Inc (NASDAQ PYPL) traded up $0.18 during midday trading on Thursday, hitting $79.37. The stock had a trading volume of 6,248,200 shares, compared to its average volume of 8,792,300. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $80.39. The stock has a market cap of $95,520.00 and a P/E ratio of 62.01.

Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. research analysts anticipate that Paypal Holdings Inc will post 1.37 earnings per share for the current year.

A number of analysts recently commented on PYPL shares. Zacks Investment Research lowered Paypal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 25th. Morgan Stanley lifted their price target on Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Goldman Sachs Group reiterated a “buy” rating and set a $90.00 price target (up previously from $80.00) on shares of Paypal in a research note on Thursday, December 21st. Finally, Robert W. Baird reiterated a “buy” rating and set a $80.00 price target (up previously from $65.00) on shares of Paypal in a research note on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $76.05.

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About Paypal

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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