Haverford Trust Co. Takes $217,000 Position in Paypal Holdings Inc (NASDAQ:PYPL)

Haverford Trust Co. purchased a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,094 shares of the credit services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Mcmillion Capital Management Inc. bought a new position in shares of Paypal in the 2nd quarter worth approximately $35,000. AGF Investments LLC lifted its stake in shares of Paypal by 55.6% in the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 110 shares during the period. Liberty Wealth Management LLC lifted its stake in shares of Paypal by 51.6% in the 3rd quarter. Liberty Wealth Management LLC now owns 382 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 130 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Paypal by 125.4% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 232 shares during the period. Finally, Howe & Rusling Inc. bought a new position in shares of Paypal in the 3rd quarter worth approximately $49,000. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $108.62, for a total transaction 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 SEC, which can be accessed through the SEC website. Also, CFO John D. Rainey sold 5,507 shares of Paypal stock in a transaction on Friday, October 25th. The stock was sold at an average price of $104.46, for a total value of $575,261.22. Following 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. Insiders have sold 104,814 shares of company stock valued at $11,278,603 over the last ninety days. 0.15% of the stock is owned by insiders.

Several brokerages have recently weighed in on PYPL. Wells Fargo & Co increased their price objective on shares of Paypal from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Rosenblatt Securities reiterated a “buy” rating and issued a $128.00 price objective on shares of Paypal in a research note on Thursday, October 24th. BTIG Research set a $130.00 price objective on shares of Paypal and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Raymond James lowered their price objective on shares of Paypal from $129.00 to $122.00 and set an “outperform” rating on the stock in a research note on Thursday, September 19th. Finally, KeyCorp increased their price objective on shares of Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $123.10.

Shares of Paypal stock traded up $0.95 on Friday, hitting $101.42. 5,451,200 shares of the company traded hands, compared to its average volume of 6,845,562. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 1.43. The business has a 50-day simple moving average of $102.75 and a 200 day simple moving average of $109.33. The stock has a market capitalization of $118.58 billion, a P/E ratio of 56.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.96. Paypal Holdings Inc has a 52 week low of $75.47 and a 52 week high of $121.48.

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

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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