Harel Insurance Investments & Financial Services Ltd. Purchases 4,921 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 666.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,659 shares of the credit services provider’s stock after buying an additional 4,921 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Paypal were worth $648,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Alpha Cubed Investments LLC grew its holdings in Paypal by 1.6% during the second quarter. Alpha Cubed Investments LLC now owns 44,879 shares of the credit services provider’s stock worth $5,137,000 after buying an additional 690 shares in the last quarter. Garner Asset Management Corp bought a new stake in Paypal during the second quarter worth $220,000. First American Bank grew its holdings in Paypal by 7.3% during the second quarter. First American Bank now owns 2,949 shares of the credit services provider’s stock worth $338,000 after buying an additional 200 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Paypal by 1.1% during the second quarter. SeaCrest Wealth Management LLC now owns 31,919 shares of the credit services provider’s stock worth $3,653,000 after buying an additional 339 shares in the last quarter. Finally, FDx Advisors Inc. grew its holdings in Paypal by 70.8% during the second quarter. FDx Advisors Inc. now owns 82,396 shares of the credit services provider’s stock worth $9,431,000 after buying an additional 34,162 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

A number of brokerages have issued reports on PYPL. Loop Capital upped their price objective on Paypal to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Wedbush upped their price objective on Paypal from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Jefferies Financial Group upped their price objective on Paypal from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Guggenheim downgraded Paypal from a “neutral” rating to a “sell” rating in a research note on Monday. Finally, Canaccord Genuity upped their price objective on Paypal from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $120.81.

Shares of NASDAQ PYPL opened at $111.11 on Thursday. Paypal Holdings Inc has a one year low of $74.66 and a one year high of $121.48. The company’s fifty day moving average price is $116.86. The stock has a market cap of $129.91 billion, a PE ratio of 62.07, a PEG ratio of 2.58 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

In other news, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total transaction of $359,858.10. Following the transaction, the executive vice president now owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $109.73, for a total value of $3,291,900.00. Following the transaction, the insider now directly owns 538,821 shares in the company, valued at approximately $59,124,828.33. The disclosure for this sale can be found here. Insiders have sold a total of 101,840 shares of company stock worth $11,336,732 in the last ninety days. Insiders own 0.15% of the company’s stock.

Paypal Company 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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