Paypal Holdings Inc (NASDAQ:PYPL) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,703 shares of the credit services provider’s stock after buying an additional 400 shares during the period. Whittier Trust Co.’s holdings in Paypal were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Paypal by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,149,415 shares of the credit services provider’s stock valued at $180,744,000 after acquiring an additional 6,044 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Paypal by 6.3% during the fourth 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 acquiring an additional 851,398 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Paypal during the fourth quarter valued at approximately $828,000. Salem Investment Counselors Inc. increased its holdings in shares of Paypal by 1.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 68,238 shares of the credit services provider’s stock valued at $5,738,000 after acquiring an additional 1,289 shares in the last quarter. Finally, Clarfeld Financial Advisors LLC bought a new stake in shares of Paypal during the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

PYPL stock traded down $3.71 during midday trading on Friday, hitting $107.09. The company’s stock had a trading volume of 10,462,532 shares, compared to its average volume of 6,977,053. The company’s 50-day moving average is $116.59. Paypal Holdings Inc has a 1 year low of $74.66 and a 1 year high of $121.48. The stock has a market cap of $130.38 billion, a PE ratio of 59.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the transaction, the executive vice president now owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $109.73, for a total value of $3,291,900.00. Following the completion of the transaction, the insider now directly owns 538,821 shares in the company, valued at approximately $59,124,828.33. The disclosure for this sale can be found here. In the last three months, insiders sold 101,840 shares of company stock worth $11,336,732. Insiders own 0.15% of the company’s stock.

PYPL has been the subject of several recent research reports. UBS Group downgraded Paypal from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $101.00 to $120.00 in a report on Wednesday, April 17th. Guggenheim downgraded Paypal from a “neutral” rating to a “sell” rating in a report on Monday, July 29th. Nomura lifted their target price on Paypal from $123.00 to $139.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Deutsche Bank lifted their target price on Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their target price on Paypal to $120.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target 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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