Chartist Inc. CA bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,388 shares of the credit services provider’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the company. Whitener Capital Management Inc. bought a new position in shares of Paypal during the 3rd quarter valued at about $102,000. Archford Capital Strategies LLC lifted its holdings in shares of Paypal by 92.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 625 shares in the last quarter. Patton Albertson Miller Group LLC bought a new position in shares of Paypal during the 3rd quarter valued at about $126,000. Landaas & Co. WI ADV bought a new position in shares of Paypal during the 2nd quarter valued at about $135,000. Finally, Adviser Investments LLC lifted its holdings in shares of Paypal by 165.3% during the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors own 79.88% of the company’s stock.

NASDAQ:PYPL opened at $83.78 on Wednesday. The company has a market cap of $102.23 billion, a price-to-earnings ratio of 60.27, a P/E/G ratio of 2.65 and a beta of 1.23. Paypal Holdings Inc has a twelve month low of $68.61 and a twelve month high of $93.70.

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. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Sell-side analysts forecast that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Wednesday, October 24th. BidaskClub upgraded Paypal from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Stifel Nicolaus boosted their target price on Paypal from $99.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Stephens restated a “buy” rating and issued a $95.00 target price on shares of Paypal in a research note on Friday, July 27th. Finally, Cantor Fitzgerald boosted their target price on Paypal to $98.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Seven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Paypal currently has an average rating of “Buy” and a consensus price target of $93.93.

In other Paypal news, insider Gary J. Marino sold 1,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $85.90, for a total transaction of $86,673.10. Following the transaction, the insider now owns 41,309 shares of the company’s stock, valued at approximately $3,548,443.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 4,684 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $83.81, for a total value of $392,566.04. Following the transaction, the executive vice president now directly owns 97,433 shares in the company, valued at approximately $8,165,859.73. The disclosure for this sale can be found here. Insiders have sold a total of 379,755 shares of company stock worth $32,034,580 in the last ninety days. Insiders own 0.20% of the company’s stock.

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Paypal Company 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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