Augustine Asset Management Inc. purchased a new position in Paypal Holdings Inc (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,164 shares of the credit services provider’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently modified their holdings of PYPL. San Francisco Sentry Investment Group CA raised its holdings in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paypal during the third quarter worth approximately $113,000. Kistler Tiffany Companies LLC raised its holdings in Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in Paypal by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in Paypal during the third quarter worth approximately $172,000. Institutional investors own 81.71% of the company’s stock.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Stifel Nicolaus raised their price objective on shares of Paypal from $61.00 to $70.00 and gave the stock a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, October 26th. Mizuho reissued a “hold” rating and set a $50.00 price objective on shares of Paypal in a report on Sunday, October 15th. Finally, Stephens raised their price objective on shares of Paypal from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. Paypal presently has a consensus rating of “Buy” and an average price target of $76.55.

In other news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction on Friday, December 8th. The shares were bought at an average cost of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.00% of the company’s stock.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) traded up $0.90 on Monday, reaching $83.84. 8,783,500 shares of the company’s stock traded hands, compared to its average volume of 8,278,893. The firm has a market cap of $100,610.00 and a PE ratio of 65.50. Paypal Holdings Inc has a 12 month low of $39.02 and a 12 month high of $84.19.

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About Paypal

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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