Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by GWM Advisors LLC

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GWM Advisors LLC boosted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 614.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,324 shares of the credit services provider’s stock after buying an additional 47,582 shares during the period. GWM Advisors LLC’s holdings in Paypal were worth $868,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Truehand Inc bought a new stake in Paypal during the fourth quarter worth about $25,000. Semmax Financial Advisors Inc. lifted its stake in Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in Paypal during the fourth quarter worth about $27,000. Private Ocean LLC lifted its stake in Paypal by 386.7% during the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Finally, CX Institutional lifted its stake in Paypal by 605.7% during the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 321 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

In related news, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $112.38, for a total transaction of $3,371,400.00. Following the transaction, the insider now owns 553,821 shares in the company, valued at approximately $62,238,403.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Adele Louise Pentland sold 11,520 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $109.07, for a total value of $1,256,486.40. Following the transaction, the executive vice president now owns 63,408 shares in the company, valued at approximately $6,915,910.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,714 shares of company stock worth $19,911,348. Company insiders own 0.15% of the company’s stock.

PYPL has been the subject of several research analyst reports. Wells Fargo & Co lifted their price target on Paypal from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Royal Bank of Canada lifted their price target on Paypal to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Morgan Stanley lifted their price target on Paypal from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, BTIG Research lifted their price target on Paypal from $114.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $108.66.

PYPL opened at $115.72 on Friday. The stock has a market capitalization of $134.53 billion, a PE ratio of 64.65, a P/E/G ratio of 2.86 and a beta of 1.02. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $117.45.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, research analysts expect that Paypal Holdings Inc will post 2.24 EPS for the current year.

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About Paypal

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.

Read More: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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