Westbourne Investment Advisors Inc. Has $2.50 Million Stake in Paypal Holdings Inc (NASDAQ:PYPL)

Westbourne Investment Advisors Inc. boosted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,827 shares of the credit services provider’s stock after buying an additional 100 shares during the period. Paypal makes up approximately 2.0% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 15th largest position. Westbourne Investment Advisors Inc.’s holdings in Paypal were worth $2,498,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its stake in Paypal by 3.8% during the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after buying an additional 3,002,568 shares in the last quarter. Fundsmith LLP boosted its stake in shares of Paypal by 0.9% in the 1st quarter. Fundsmith LLP now owns 15,338,423 shares of the credit services provider’s stock valued at $1,592,742,000 after purchasing an additional 136,213 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Paypal by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock valued at $1,210,539,000 after purchasing an additional 851,398 shares in the last quarter. Norges Bank acquired a new stake in shares of Paypal in the 4th quarter valued at approximately $906,735,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Paypal by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,146,346 shares of the credit services provider’s stock valued at $742,077,000 after purchasing an additional 156,166 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

NASDAQ PYPL traded down $4.06 during trading hours on Friday, reaching $106.74. The company’s stock had a trading volume of 505,019 shares, compared to its average volume of 6,164,885. The company’s fifty day simple moving average is $116.78. The firm has a market capitalization of $131.83 billion, a PE ratio of 59.67, a P/E/G ratio of 2.59 and a beta of 0.98. Paypal Holdings Inc has a 52 week low of $74.66 and a 52 week high of $121.48.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. As a group, sell-side analysts expect that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the completion of the transaction, the insider now owns 487,074 shares in the company, valued at approximately $54,532,805.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 8,730 shares of the firm’s 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 transaction, the executive vice president now owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,840 shares of company stock valued at $11,336,732. 0.15% of the stock is owned by company insiders.

PYPL has been the topic of a number of research analyst reports. Wedbush raised their price target on shares of Paypal from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. SunTrust Banks raised their price target on shares of Paypal to $115.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price target on shares of Paypal from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Wells Fargo & Co raised their price target on shares of Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Canaccord Genuity raised their price target on shares of Paypal from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $120.81.

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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