Puzo Michael J Boosts Stake in Paypal Holdings Inc (PYPL)

Puzo Michael J boosted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 35.2% during the first quarter, HoldingsChannel.com reports. The fund owned 19,820 shares of the credit services provider’s stock after purchasing an additional 5,155 shares during the period. Puzo Michael J’s holdings in Paypal were worth $2,057,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Investors Inc. PA increased its stake in Paypal by 49.9% during the 3rd quarter. Federated Investors Inc. PA now owns 34,150 shares of the credit services provider’s stock valued at $2,999,000 after purchasing an additional 11,375 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after buying an additional 3,056,620 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Paypal by 5.4% in the 4th quarter. Quadrant Capital Group LLC now owns 6,139 shares of the credit services provider’s stock worth $501,000 after buying an additional 317 shares during the last quarter. Professional Advisory Services Inc. boosted its holdings in shares of Paypal by 1.0% in the 4th quarter. Professional Advisory Services Inc. now owns 143,539 shares of the credit services provider’s stock worth $12,070,000 after buying an additional 1,365 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its holdings in shares of Paypal by 124.4% in the 4th quarter. Gemmer Asset Management LLC now owns 1,084 shares of the credit services provider’s stock worth $91,000 after buying an additional 601 shares during the last quarter. 81.68% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on PYPL. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Friday. BTIG Research boosted their price target on shares of Paypal from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. They noted that the move was a valuation call. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. KeyCorp upped their price objective on shares of Paypal from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Finally, Oppenheimer upped their price objective on shares of Paypal from $100.00 to $116.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Paypal currently has an average rating of “Buy” and an average target price of $107.68.

In other news, EVP Jonathan Auerbach sold 8,730 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total transaction of $993,474.00. Following the completion of the sale, the executive vice president now owns 120,470 shares of the company’s stock, valued at $13,709,486. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John D. Rainey sold 5,730 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $94.45, for a total value of $541,198.50. Following the sale, the chief financial officer now directly owns 117,023 shares of the company’s stock, valued at approximately $11,052,822.35. The disclosure for this sale can be found here. Insiders have sold 333,251 shares of company stock worth $34,252,211 over the last quarter. Company insiders own 0.15% of the company’s stock.

Shares of PYPL opened at $112.80 on Monday. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $114.66. The stock has a market cap of $132.53 billion, a PE ratio of 63.02, a P/E/G ratio of 2.81 and a beta of 1.05.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Paypal had a net margin of 13.92% and a return on equity of 15.50%. Paypal’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. On average, sell-side analysts predict that Paypal Holdings Inc will post 2.24 EPS for the current year.

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Paypal 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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