Paypal Holdings Inc (PYPL) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 21.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,426 shares of the credit services provider’s stock after purchasing an additional 15,950 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Paypal were worth $7,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in shares of Paypal by 4.6% during the second quarter. Fisher Asset Management LLC now owns 581,461 shares of the credit services provider’s stock valued at $48,418,000 after purchasing an additional 25,485 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Paypal by 1.8% during the second quarter. Xact Kapitalforvaltning AB now owns 211,522 shares of the credit services provider’s stock valued at $17,613,000 after purchasing an additional 3,821 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Paypal by 7.1% during the second quarter. First Citizens Bank & Trust Co. now owns 17,515 shares of the credit services provider’s stock valued at $1,458,000 after purchasing an additional 1,164 shares in the last quarter. Bremer Trust National Association boosted its position in shares of Paypal by 4.5% during the second 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. Finally, Daiwa SB Investments Ltd. bought a new stake in shares of Paypal during the second quarter valued at approximately $411,000. Institutional investors own 79.81% of the company’s stock.

Several equities research analysts recently weighed in on PYPL shares. Stephens restated a “buy” rating and set a $91.00 price target on shares of Paypal in a research report on Friday, July 13th. Wolfe Research initiated coverage on Paypal in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. SunTrust Banks lifted their price objective on Paypal to $92.00 and gave the company a “$88.22” rating in a research note on Wednesday, July 18th. Morgan Stanley lifted their price objective on Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. Finally, Credit Suisse Group lifted their price objective on Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. Seven analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Paypal currently has an average rating of “Buy” and an average target price of $93.93.

PYPL stock opened at $89.04 on Friday. Paypal Holdings Inc has a 1-year low of $68.61 and a 1-year high of $93.70. The firm has a market capitalization of $99.80 billion, a PE ratio of 64.06, a price-to-earnings-growth ratio of 2.66 and a beta of 1.23.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. As a group, research analysts expect that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

In related news, EVP Jonathan Auerbach sold 4,684 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $83.81, for a total transaction of $392,566.04. Following the completion of the sale, the executive vice president now owns 97,433 shares in the company, valued at $8,165,859.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total value of $2,193,880.00. Following the sale, the insider now owns 320,026 shares of the company’s stock, valued at approximately $27,003,793.88. The disclosure for this sale can be found here. Insiders sold 378,746 shares of company stock valued at $31,947,907 in the last 90 days. Company insiders own 0.20% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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