Destination Wealth Management Purchases 136 Shares of Paypal Holdings Inc (PYPL)

Destination Wealth Management increased its position in Paypal Holdings Inc (NASDAQ:PYPL) by 38.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 493 shares of the credit services provider’s stock after buying an additional 136 shares during the quarter. Destination Wealth Management’s holdings in Paypal were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Accuvest Global Advisors boosted its holdings in Paypal by 58.6% in the first quarter. Accuvest Global Advisors now owns 11,779 shares of the credit services provider’s stock valued at $1,223,000 after acquiring an additional 4,351 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Paypal by 3.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 214,299 shares of the credit services provider’s stock valued at $22,253,000 after acquiring an additional 7,129 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Paypal in the first quarter valued at approximately $313,000. Tocqueville Asset Management L.P. boosted its holdings in Paypal by 11.8% in the first quarter. Tocqueville Asset Management L.P. now owns 506,117 shares of the credit services provider’s stock valued at $52,555,000 after acquiring an additional 53,266 shares during the last quarter. Finally, West Branch Capital LLC bought a new stake in Paypal in the first quarter valued at approximately $238,000. 81.68% of the stock is owned by institutional investors.

Several analysts recently commented on the company. Oppenheimer upped their target price on Paypal from $100.00 to $116.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Zacks Investment Research upgraded Paypal from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Robert W. Baird upped their target price on Paypal from $990.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price (up from $103.00) on shares of Paypal in a report on Thursday, January 31st. Finally, Loop Capital upped their target price on Paypal to $100.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $107.68.

In related news, COO William J. Ready sold 62,296 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.07, for a total value of $6,047,072.72. Following the completion of the sale, the chief operating officer now directly owns 177,330 shares of the company’s stock, valued at approximately $17,213,423.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Auerbach sold 8,730 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the completion of the sale, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at $13,709,486. The disclosure for this sale can be found here. Insiders sold a total of 333,251 shares of company stock valued at $34,252,211 over the last three months. 0.15% of the stock is currently owned by insiders.

NASDAQ PYPL opened at $112.80 on Friday. The firm has a market capitalization of $133.79 billion, a P/E ratio of 63.02, a P/E/G ratio of 2.84 and a beta of 1.05. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $114.66.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. Paypal’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. As a group, equities analysts anticipate that Paypal Holdings Inc will post 2.24 earnings per share for the current fiscal year.

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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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