First American Bank Invests $297,000 in Paypal Holdings Inc (NASDAQ:PYPL)

First American Bank acquired a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,742 shares of the credit services provider’s stock, valued at approximately $297,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Keudell Morrison Wealth Management lifted its stake in Paypal by 285.6% in the 2nd quarter. Keudell Morrison Wealth Management now owns 21,055 shares of the credit services provider’s stock valued at $2,410,000 after buying an additional 15,595 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Paypal in the 2nd quarter worth approximately $320,000. Eaton Vance Management lifted its stake in Paypal by 0.3% in the 2nd quarter. Eaton Vance Management now owns 377,309 shares of the credit services provider’s stock worth $43,187,000 after purchasing an additional 1,166 shares in the last quarter. HM Payson & Co. purchased a new position in Paypal in the 2nd quarter worth approximately $572,000. Finally, Verition Fund Management LLC lifted its stake in Paypal by 54.8% in the 2nd quarter. Verition Fund Management LLC now owns 4,248 shares of the credit services provider’s stock worth $486,000 after purchasing an additional 1,504 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

PYPL has been the topic of a number of research reports. BidaskClub raised shares of Paypal from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Compass Point initiated coverage on shares of Paypal in a research note on Thursday, December 5th. They issued a “buy” rating and a $120.00 target price on the stock. Wedbush reissued an “outperform” rating on shares of Paypal in a research note on Friday, November 22nd. Craig Hallum decreased their target price on shares of Paypal from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein raised shares of Paypal from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $130.00 in a research report on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $123.35.

Paypal stock opened at $116.98 on Friday. Paypal Holdings Inc has a fifty-two week low of $86.62 and a fifty-two week high of $121.48. 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 firm has a 50 day moving average price of $110.29 and a 200 day moving average price of $107.75. The company has a market capitalization of $138.43 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 2.43 and a beta of 0.94.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, beating 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 firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities research analysts forecast that Paypal Holdings Inc will post 2.3 earnings per share for the current year.

In other Paypal news, CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $104.10, for a total value of $3,123,000.00. Following the completion of the transaction, the chief executive officer now owns 437,308 shares in the company, valued at $45,523,762.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel H. Schulman sold 25,719 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $104.73, for a total transaction of $2,693,550.87. Following the completion of the transaction, the chief executive officer now owns 407,793 shares of the company’s stock, valued at approximately $42,708,160.89. The disclosure for this sale can be found here. Insiders sold a total of 88,379 shares of company stock valued at $9,197,226 in the last quarter. 0.15% of the stock is owned by insiders.

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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