Global Trust Asset Management LLC raised its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,240 shares of the credit services provider’s stock after acquiring an additional 700 shares during the quarter. Global Trust Asset Management LLC’s holdings in Paypal were worth $945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Security National Trust Co. raised its position in shares of Paypal by 3.0% in the third quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock valued at $2,228,000 after purchasing an additional 730 shares during the period. Weatherly Asset Management L. P. raised its position in shares of Paypal by 2.7% in the third quarter. Weatherly Asset Management L. P. now owns 89,784 shares of the credit services provider’s stock valued at $7,887,000 after purchasing an additional 2,366 shares during the period. Retirement Systems of Alabama raised its position in shares of Paypal by 16.3% in the third quarter. Retirement Systems of Alabama now owns 1,075,336 shares of the credit services provider’s stock valued at $94,458,000 after purchasing an additional 150,814 shares during the period. New England Research & Management Inc. raised its position in shares of Paypal by 10.2% in the third quarter. New England Research & Management Inc. now owns 11,300 shares of the credit services provider’s stock valued at $993,000 after purchasing an additional 1,050 shares during the period. Finally, Clinton Group Inc. bought a new position in shares of Paypal in the third quarter valued at approximately $9,249,000. Hedge funds and other institutional investors own 79.14% of the company’s stock.

A number of equities analysts have recently commented on the stock. BTIG Research raised shares of Paypal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $95.00 in a research report on Friday, October 19th. Raymond James raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research report on Friday, September 14th. UBS Group raised shares of Paypal from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Canaccord Genuity boosted their target price on shares of Paypal from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, October 19th. Finally, BidaskClub raised shares of Paypal from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Eight research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Paypal currently has a consensus rating of “Buy” and a consensus price target of $95.49.

Shares of NASDAQ:PYPL traded down $0.09 on Friday, hitting $90.61. The stock had a trading volume of 515,621 shares, compared to its average volume of 8,606,185. Paypal Holdings Inc has a twelve month low of $70.22 and a twelve month high of $93.70. The company has a market capitalization of $105.52 billion, a PE ratio of 65.03, a P/E/G ratio of 2.20 and a beta of 1.06.

Paypal (NASDAQ:PYPL) last issued its 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 company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.

In other news, Director John J. Donahoe sold 139,290 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $82.51, for a total value of $11,492,817.90. Following the sale, the director now owns 125,136 shares in the company, valued at approximately $10,324,971.36. The sale was disclosed in a 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 on Friday, October 26th. The shares were 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 approximately $8,165,859.73. The disclosure for this sale can be found here. Insiders sold a total of 427,750 shares of company stock worth $35,635,027 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

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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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