CMH Wealth Management LLC Has $2.52 Million Stake in Paypal Holdings Inc (PYPL)

CMH Wealth Management LLC trimmed its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,120 shares of the credit services provider’s stock after selling 5,055 shares during the period. Paypal comprises 1.7% of CMH Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. CMH Wealth Management LLC’s holdings in Paypal were worth $2,519,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Usca Ria LLC increased its stake in Paypal by 1.3% in the 2nd quarter. Usca Ria LLC now owns 15,653 shares of the credit services provider’s stock valued at $840,000 after purchasing an additional 200 shares in the last quarter. Great Lakes Advisors LLC increased its stake in Paypal by 0.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 32,323 shares of the credit services provider’s stock valued at $1,735,000 after purchasing an additional 198 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Paypal by 9.9% in the 2nd quarter. GHP Investment Advisors Inc. now owns 13,299 shares of the credit services provider’s stock valued at $714,000 after purchasing an additional 1,200 shares in the last quarter. Prudential Financial Inc. increased its stake in Paypal by 0.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,575,648 shares of the credit services provider’s stock valued at $84,565,000 after purchasing an additional 8,758 shares in the last quarter. Finally, Intrust Bank NA purchased a new position in Paypal in the 2nd quarter valued at approximately $258,000. 80.73% of the stock is owned by institutional investors and hedge funds.

In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the firm’s stock in a transaction dated 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 acquisition, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by company insiders.

Paypal Holdings Inc (NASDAQ:PYPL) traded up $0.79 during mid-day trading on Friday, hitting $80.54. The stock had a trading volume of 6,890,000 shares, compared to its average volume of 9,320,000. Paypal Holdings Inc has a 1-year low of $39.02 and a 1-year high of $80.77. The firm has a market capitalization of $96,800.00 and a PE ratio of 62.92.

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

PYPL has been the subject of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $63.00) on shares of Paypal in a research note on Tuesday, October 10th. BTIG Research reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Paypal in a research note on Sunday, November 19th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $80.21 price objective for the company in a research note on Wednesday, November 29th. Robert W. Baird raised their price objective on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, December 20th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $76.05.

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Paypal Profile

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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