Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,652 shares of the credit services provider’s stock after acquiring an additional 1,778 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Paypal were worth $3,382,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alpine Woods Capital Investors LLC acquired a new stake in shares of Paypal during the 2nd quarter valued at approximately $1,647,000. Cresset Asset Management LLC lifted its position in shares of Paypal by 15.5% during the 2nd quarter. Cresset Asset Management LLC now owns 18,081 shares of the credit services provider’s stock valued at $2,070,000 after acquiring an additional 2,427 shares during the period. InterOcean Capital LLC raised its position in shares of Paypal by 4.5% during the 2nd quarter. InterOcean Capital LLC now owns 4,680 shares of the credit services provider’s stock worth $536,000 after purchasing an additional 200 shares during the last quarter. National Pension Service raised its position in shares of Paypal by 7.7% during the 2nd quarter. National Pension Service now owns 1,217,624 shares of the credit services provider’s stock worth $139,369,000 after purchasing an additional 86,572 shares during the last quarter. Finally, Geneva Partners LLC raised its position in shares of Paypal by 0.3% during the 2nd quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock worth $4,296,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 81.16% of the company’s stock.

In other news, CFO John D. Rainey sold 5,507 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $104.46, for a total transaction of $575,261.22. Following the completion of the sale, the chief financial officer now directly owns 107,845 shares of the company’s stock, valued at approximately $11,265,488.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $104.10, for a total transaction of $3,123,000.00. Following the sale, the chief executive officer now directly owns 437,308 shares of the company’s stock, valued at $45,523,762.80. The disclosure for this sale can be found here. Insiders sold a total of 104,814 shares of company stock valued at $11,278,603 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on PYPL shares. KeyCorp lifted their price objective on Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Oppenheimer lifted their price objective on Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Raymond James cut their price objective on Paypal from $129.00 to $122.00 and set an “outperform” rating for the company in a research report on Thursday, September 19th. Jefferies Financial Group lifted their price objective on Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays lifted their price objective on Paypal from $127.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.10.

PYPL stock traded up $0.95 during midday trading on Friday, hitting $101.42. The stock had a trading volume of 5,451,200 shares, compared to its average volume of 6,845,562. The firm has a market cap of $118.58 billion, a PE ratio of 56.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.43. Paypal Holdings Inc has a 12-month low of $75.47 and a 12-month high of $121.48. The company’s 50-day moving average price is $102.85 and its 200 day moving average price is $109.36.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Paypal had a net margin of 14.89% and a return on equity of 16.73%. Paypal’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. As a group, sell-side analysts anticipate that Paypal Holdings Inc will post 2.3 EPS for the current year.

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.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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