Paypal Holdings Inc (PYPL) Stake Raised by Coastline Trust Co

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Coastline Trust Co lifted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 24.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,665 shares of the credit services provider’s stock after buying an additional 730 shares during the quarter. Coastline Trust Co’s holdings in Paypal were worth $322,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PYPL. GHP Investment Advisors Inc. raised its stake in Paypal by 7.1% in the third quarter. GHP Investment Advisors Inc. now owns 25,583 shares of the credit services provider’s stock valued at $2,247,000 after purchasing an additional 1,685 shares in the last quarter. Chickasaw Capital Management LLC purchased a new stake in Paypal in the third quarter valued at approximately $508,000. First American Bank purchased a new stake in Paypal in the third quarter valued at approximately $238,000. Monte Financial Group LLC raised its stake in Paypal by 20.4% in the third quarter. Monte Financial Group LLC now owns 4,072 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 689 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Paypal by 5.5% in the third quarter. Louisiana State Employees Retirement System now owns 69,300 shares of the credit services provider’s stock valued at $6,087,000 after purchasing an additional 3,600 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Aaron Anderson sold 17,062 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $1,505,209.64. Following the transaction, the vice president now owns 9,921 shares in the company, valued at $875,230.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $82.46, for a total transaction of $2,143,960.00. Following the completion of the transaction, the insider now owns 338,506 shares in the company, valued at approximately $27,913,204.76. The disclosure for this sale can be found here. Insiders sold 149,732 shares of company stock worth $13,204,157 in the last 90 days. Company insiders own 0.20% of the company’s stock.

A number of equities research analysts recently weighed in on PYPL shares. Credit Suisse Group raised their target price on shares of Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. Morgan Stanley raised their target price on shares of Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. SunTrust Banks raised their target price on shares of Paypal to $92.00 and gave the company a “$88.22” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, July 24th. Finally, Citigroup increased their price target on shares of Paypal from $90.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.65.

Shares of Paypal stock opened at $84.78 on Friday. Paypal Holdings Inc has a 52-week low of $68.61 and a 52-week high of $93.70. The company has a market capitalization of $94.80 billion, a PE ratio of 60.99, a PEG ratio of 2.60 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the business earned $0.46 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. On average, research analysts forecast that Paypal Holdings Inc will post 1.74 EPS for the current fiscal year.

Paypal Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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