Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by Everett Harris & Co. CA

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Everett Harris & Co. CA boosted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 13.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,749 shares of the credit services provider’s stock after purchasing an additional 10,129 shares during the quarter. Everett Harris & Co. CA’s holdings in Paypal were worth $6,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bremer Trust National Association increased its holdings in Paypal by 4.5% in the 2nd quarter. Bremer Trust National Association now owns 13,952 shares of the credit services provider’s stock valued at $1,162,000 after purchasing an additional 605 shares in the last quarter. Trust Co increased its stake in shares of Paypal by 4.0% in the first quarter. Trust Co now owns 16,425 shares of the credit services provider’s stock valued at $1,246,000 after purchasing an additional 628 shares during the period. IHT Wealth Management LLC increased its stake in shares of Paypal by 40.1% in the first quarter. IHT Wealth Management LLC now owns 2,231 shares of the credit services provider’s stock valued at $167,000 after purchasing an additional 639 shares during the period. Comerica Securities Inc. increased its stake in shares of Paypal by 3.7% in the first quarter. Comerica Securities Inc. now owns 18,987 shares of the credit services provider’s stock valued at $1,441,000 after purchasing an additional 673 shares during the period. Finally, YHB Investment Advisors Inc. increased its stake in shares of Paypal by 1.1% in the second quarter. YHB Investment Advisors Inc. now owns 63,229 shares of the credit services provider’s stock valued at $5,265,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

In related news, VP Aaron Anderson sold 17,062 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $1,505,209.64. Following the transaction, the vice president now directly owns 9,921 shares in the company, valued at $875,230.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John D. Rainey sold 5,462 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $481,857.64. Following the completion of the transaction, the chief financial officer now owns 113,307 shares in the company, valued at $9,995,943.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,510 shares of company stock worth $14,083,194. 0.20% of the stock is owned by company insiders.

Paypal traded down $0.16, hitting $87.01, during trading on Friday, according to Marketbeat. 5,725,067 shares of the company’s stock traded hands, compared to its average volume of 8,645,987. Paypal Holdings Inc has a 12-month low of $57.58 and a 12-month high of $92.35. The company has a market cap of $103.18 billion, a PE ratio of 53.48, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis. equities research analysts expect that Paypal Holdings Inc will post 1.72 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. Credit Suisse Group boosted their price target on shares of Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. SunTrust Banks boosted their price target on shares of Paypal to $92.00 and gave the company a “$88.22” rating in a research note on Wednesday, July 18th. UBS Group reaffirmed a “buy” rating and set a $90.00 price objective on shares of Paypal in a report on Friday, May 18th. Finally, Craig Hallum set a $93.00 price objective on shares of Paypal and gave the stock a “buy” rating in a report on Friday, May 18th. Seven investment analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and a consensus price target of $88.56.

Paypal Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

See Also: Market Capitalization and Individual Investors

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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