Halbert Hargrove Russell LLC Buys New Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Halbert Hargrove Russell LLC bought a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,773 shares of the credit services provider’s stock, valued at approximately $203,000.

A number of other hedge funds also recently modified their holdings of the stock. Semmax Financial Advisors Inc. lifted its holdings in Paypal by 630.2% in the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after buying an additional 271 shares during the period. Mcmillion Capital Management Inc. purchased a new stake in Paypal in the 2nd quarter worth approximately $35,000. Private Ocean LLC lifted its holdings in Paypal by 386.7% in the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after buying an additional 290 shares during the period. Liberty Wealth Management LLC purchased a new stake in Paypal in the 4th quarter worth approximately $39,000. Finally, CX Institutional lifted its holdings in Paypal by 605.7% in the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares during the period. Institutional investors own 80.82% of the company’s stock.

Several research firms have weighed in on PYPL. Jefferies Financial Group increased their price objective on Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. increased their price objective on Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Guggenheim cut Paypal from a “neutral” rating to a “sell” rating in a research note on Monday, July 29th. SunTrust Banks raised their target price on 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. Finally, Oppenheimer raised their target price on Paypal from $116.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and an average price target of $120.81.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of Paypal 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 completion of the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal 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 sale, the insider now directly owns 538,821 shares of the company’s stock, valued at approximately $59,124,828.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,840 shares of company stock valued at $11,336,732. 0.15% of the stock is owned by corporate insiders.

PYPL stock opened at $105.61 on Tuesday. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48. The company has a market cap of $126.01 billion, a price-to-earnings ratio of 59.00, a PEG ratio of 2.47 and a beta of 0.97. The company’s 50 day moving average is $115.99.

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, beating the Zacks’ 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 company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts predict that Paypal Holdings Inc will post 2.41 EPS for the current 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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