Gerber Kawasaki Wealth & Investment Management Takes $254,000 Position in Paypal Holdings Inc (NASDAQ:PYPL)

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Gerber Kawasaki Wealth & Investment Management bought a new stake in Paypal Holdings Inc (NASDAQ:PYPL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,458 shares of the credit services provider’s stock, valued at approximately $254,000.

Several other institutional investors have also made changes to their positions in the company. Avalon Investment & Advisory grew its stake in shares of Paypal by 79.4% during the 2nd quarter. Avalon Investment & Advisory now owns 8,477 shares of the credit services provider’s stock worth $1,477,000 after purchasing an additional 3,753 shares during the period. Sound View Wealth Advisors Group LLC purchased a new position in Paypal in the 2nd quarter valued at about $330,000. State Board of Administration of Florida Retirement System lifted its holdings in Paypal by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,582,149 shares of the credit services provider’s stock valued at $275,658,000 after purchasing an additional 8,652 shares in the last quarter. Community Bank & Trust Waco Texas lifted its holdings in Paypal by 25.2% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 3,556 shares of the credit services provider’s stock valued at $620,000 after purchasing an additional 716 shares in the last quarter. Finally, Coastline Trust Co lifted its holdings in Paypal by 16.9% in the 2nd quarter. Coastline Trust Co now owns 11,505 shares of the credit services provider’s stock valued at $2,004,000 after purchasing an additional 1,660 shares in the last quarter. 82.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ PYPL traded up $5.44 during trading hours on Thursday, hitting $197.88. 265,534 shares of the company’s stock were exchanged, compared to its average volume of 8,006,411. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $204.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $228.29 billion, a price-to-earnings ratio of 90.76, a PEG ratio of 3.36 and a beta of 1.21. The company’s 50-day moving average price is $183.40 and its 200-day moving average price is $140.22.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.46. The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, research analysts expect that Paypal Holdings Inc will post 2.7 earnings per share for the current year.

In other Paypal news, CAO Aaron Anderson sold 9,203 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $193.62, for a total value of $1,781,884.86. Following the completion of the transaction, the chief accounting officer now owns 20,840 shares of the company’s stock, valued at approximately $4,035,040.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $196.89, for a total value of $4,922,250.00. Following the completion of the transaction, the chief executive officer now directly owns 516,403 shares of the company’s stock, valued at approximately $101,674,586.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,203 shares of company stock valued at $12,339,005. Insiders own 0.12% of the company’s stock.

Several research analysts have recently weighed in on PYPL shares. Wedbush increased their price objective on shares of Paypal from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Wells Fargo & Co upped their price target on shares of Paypal from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Deutsche Bank upped their target price on shares of Paypal from $183.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Susquehanna Bancshares increased their price objective on shares of Paypal from $190.00 to $220.00 in a research note on Thursday, July 30th. Finally, Barclays upped their target price on shares of Paypal from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Eight equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. Paypal has an average rating of “Buy” and a consensus price target of $193.40.

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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