Nelson Roberts Investment Advisors LLC Buys 209 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Nelson Roberts Investment Advisors LLC boosted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 81.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465 shares of the credit services provider’s stock after buying an additional 209 shares during the period. Nelson Roberts Investment Advisors LLC’s holdings in Paypal were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PYPL. Wendell David Associates Inc. raised its holdings in Paypal by 3.5% in the 2nd quarter. Wendell David Associates Inc. now owns 2,640 shares of the credit services provider’s stock worth $302,000 after purchasing an additional 89 shares during the period. Waldron Private Wealth LLC raised its holdings in Paypal by 1.5% in the 1st quarter. Waldron Private Wealth LLC now owns 6,190 shares of the credit services provider’s stock worth $642,000 after purchasing an additional 93 shares during the period. Magnus Financial Group LLC raised its holdings in Paypal by 2.0% in the 1st quarter. Magnus Financial Group LLC now owns 4,832 shares of the credit services provider’s stock worth $502,000 after purchasing an additional 97 shares during the period. Farmers Trust Co. raised its holdings in Paypal by 2.1% in the 1st quarter. Farmers Trust Co. now owns 4,811 shares of the credit services provider’s stock worth $499,000 after purchasing an additional 100 shares during the period. Finally, Shine Investment Advisory Services Inc. raised its holdings in Paypal by 2.5% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 4,069 shares of the credit services provider’s stock worth $423,000 after purchasing an additional 100 shares during the period. 80.82% of the stock is owned by institutional investors.

PYPL has been the topic of a number of recent research reports. Guggenheim cut Paypal from a “neutral” rating to a “sell” rating in a report on Monday, July 29th. Craig Hallum raised their price target on Paypal from $125.00 to $140.00 and gave the company a “positive” rating in a report on Thursday, July 25th. Wells Fargo & Co raised their price target on Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. BidaskClub cut Paypal from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Canaccord Genuity raised their price target on Paypal from $105.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $120.81.

In related news, EVP Jonathan Auerbach sold 8,730 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 120,470 shares of the company’s stock, valued at $13,709,486. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aaron Karczmer sold 3,110 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the transaction, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Insiders sold 101,840 shares of company stock valued at $11,336,732 in the last quarter. 0.15% of the stock is owned by company insiders.

Shares of NASDAQ:PYPL traded down $2.06 during trading hours on Monday, hitting $105.03. 386,272 shares of the company’s stock traded hands, compared to its average volume of 6,977,053. Paypal Holdings Inc has a 1 year low of $74.66 and a 1 year high of $121.48. The firm has a fifty day simple moving average of $116.59. The firm has a market cap of $126.01 billion, a price-to-earnings ratio of 58.47, a P/E/G ratio of 2.47 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts expect that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

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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