Sequoia Financial Advisors LLC Grows Stake in Paypal Holdings Inc (NASDAQ:PYPL)

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Sequoia Financial Advisors LLC raised its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,833 shares of the credit services provider’s stock after purchasing an additional 524 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Paypal were worth $846,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Paypal by 1.5% in the first quarter. BlackRock Inc. now owns 75,224,392 shares of the credit services provider’s stock valued at $7,201,983,000 after purchasing an additional 1,133,000 shares during the period. State Street Corp increased its position in shares of Paypal by 0.4% during the fourth quarter. State Street Corp now owns 46,327,303 shares of the credit services provider’s stock worth $5,011,224,000 after acquiring an additional 184,624 shares during the last quarter. Capital World Investors increased its position in shares of Paypal by 18.4% during the fourth quarter. Capital World Investors now owns 21,277,408 shares of the credit services provider’s stock worth $2,301,577,000 after acquiring an additional 3,307,791 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Paypal by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 16,572,051 shares of the credit services provider’s stock worth $1,788,909,000 after acquiring an additional 124,105 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Paypal by 15.9% during the fourth quarter. Alliancebernstein L.P. now owns 11,905,007 shares of the credit services provider’s stock worth $1,287,765,000 after acquiring an additional 1,633,972 shares during the last quarter. 83.00% of the stock is currently owned by institutional investors.

In other news, CFO John D. Rainey sold 87,925 shares of Paypal stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.48, for a total transaction of $9,450,179.00. Following the sale, the chief financial officer now owns 229,139 shares of the company’s stock, valued at $24,627,859.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Adele Louise Pentland sold 92,700 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.63, for a total value of $9,977,301.00. Following the sale, the executive vice president now directly owns 174,201 shares in the company, valued at approximately $18,749,253.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,625 shares of company stock worth $28,513,730. Corporate insiders own 0.12% of the company’s stock.

A number of brokerages have recently issued reports on PYPL. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. BTIG Research reaffirmed a “buy” rating and set a $172.00 target price (up from $130.00) on shares of Paypal in a research report on Sunday, May 10th. Royal Bank of Canada lifted their target price on Paypal from $120.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Guggenheim raised Paypal from a “neutral” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, January 31st. Finally, Oppenheimer lifted their price target on Paypal from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Five research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Paypal has an average rating of “Buy” and an average price target of $140.15.

Shares of PYPL traded up $2.64 during mid-day trading on Friday, reaching $150.86. 5,620,322 shares of the company’s stock traded hands, compared to its average volume of 10,391,105. The business’s 50-day moving average price is $120.99 and its 200-day moving average price is $111.79. The stock has a market capitalization of $174.01 billion, a P/E ratio of 95.48, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.39 and a current ratio of 1.39. Paypal Holdings Inc has a 12 month low of $82.07 and a 12 month high of $151.08.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.72 billion. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Equities research analysts anticipate that Paypal Holdings Inc will post 2.4 EPS for the current year.

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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