Gideon Capital Advisors Inc. Invests $3.85 Million in Paypal Holdings Inc (PYPL) Stock

Gideon Capital Advisors Inc. bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the third quarter, Holdings Channel reports. The firm bought 43,869 shares of the credit services provider’s stock, valued at approximately $3,853,000. Paypal comprises about 1.8% of Gideon Capital Advisors Inc.’s portfolio, making the stock its 3rd largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Whitener Capital Management Inc. bought a new stake in Paypal in the third quarter valued at about $102,000. Archford Capital Strategies LLC increased its stake in Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 625 shares during the period. Patton Albertson Miller Group LLC bought a new stake in Paypal in the third quarter valued at about $126,000. Landaas & Co. WI ADV bought a new stake in Paypal in the second quarter valued at about $135,000. Finally, Adviser Investments LLC increased its stake in Paypal by 165.3% in the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 1,030 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $92.43, for a total value of $2,403,180.00. Following the transaction, the insider now directly owns 323,316 shares in the company, valued at $29,884,097.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Ready sold 27,458 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the completion of the transaction, the chief operating officer now owns 85,485 shares in the company, valued at $7,342,306.65. The disclosure for this sale can be found here. Insiders have sold 407,213 shares of company stock worth $34,392,948 over the last three months. 0.20% of the stock is owned by insiders.

A number of analysts recently weighed in on the stock. Berenberg Bank initiated coverage on shares of Paypal in a research note on Thursday, August 30th. They issued a “buy” rating and a $104.00 target price on the stock. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Raymond James raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research note on Friday, September 14th. Bank of America upped their price objective on shares of Paypal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $110.00 price objective on shares of Paypal in a research note on Wednesday, August 29th. Seven equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $94.96.

PYPL opened at $77.95 on Monday. Paypal Holdings Inc has a one year low of $68.61 and a one year high of $93.70. The company has a market cap of $91.85 billion, a PE ratio of 56.08, a P/E/G ratio of 2.38 and a beta of 1.23.

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

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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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