Pennsylvania Trust Co Has $9.37 Million Position in Paypal Holdings Inc (PYPL)

Pennsylvania Trust Co increased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,659 shares of the credit services provider’s stock after acquiring an additional 5,431 shares during the period. Pennsylvania Trust Co’s holdings in Paypal were worth $9,369,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its position in Paypal by 92.6% during the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after buying an additional 625 shares during the last quarter. Landaas & Co. WI ADV acquired a new position in Paypal during the second quarter worth approximately $135,000. Adviser Investments LLC increased its position in Paypal by 165.3% during the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after buying an additional 1,030 shares during the last quarter. ELM Advisors LLC acquired a new position in shares of Paypal in the third quarter valued at approximately $149,000. Finally, Itau Unibanco Holding S.A. grew its position in shares of Paypal by 50.8% in the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 79.59% of the company’s stock.

NASDAQ:PYPL traded up $0.25 during trading hours on Tuesday, reaching $80.80. 182,763 shares of the company were exchanged, compared to its average volume of 8,478,155. The company has a market capitalization of $103.97 billion, a P/E ratio of 58.38, a P/E/G ratio of 2.86 and a beta of 1.31. Paypal Holdings Inc has a 1-year low of $65.79 and a 1-year high of $93.70.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts predict that Paypal Holdings Inc will post 1.73 EPS for the current fiscal year.

In other Paypal news, CFO John D. Rainey sold 5,462 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 113,307 shares in the company, valued at $9,995,943.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $89.57, for a total value of $2,328,820.00. Following the sale, the insider now owns 331,506 shares of the company’s stock, valued at $29,692,992.42. The disclosure for this sale can be found here. Insiders have sold 149,732 shares of company stock valued at $13,204,157 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

PYPL has been the topic of several research reports. Raymond James raised Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research report on Friday, September 14th. Wells Fargo & Co upped their target price on Paypal from $95.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, July 26th. Bank of America upped their target price on Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Berenberg Bank initiated coverage on Paypal in a research report on Thursday, August 30th. They issued a “buy” rating and a $104.00 target price on the stock. Finally, Atlantic Securities raised Paypal from a “neutral” rating to an “overweight” rating and set a $43.00 target price on the stock in a research report on Thursday, June 21st. Eight analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $91.94.

About Paypal

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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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