Executive Wealth Management LLC Has $2.86 Million Stake in Paypal Holdings Inc (NASDAQ:PYPL)

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Executive Wealth Management LLC lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,022 shares of the credit services provider’s stock after purchasing an additional 964 shares during the quarter. Executive Wealth Management LLC’s holdings in Paypal were worth $2,864,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Paypal by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,149,415 shares of the credit services provider’s stock valued at $180,744,000 after purchasing an additional 6,044 shares during the last quarter. Pacer Advisors Inc. raised its stake in Paypal by 161,048.0% during the 1st quarter. Pacer Advisors Inc. now owns 164,371 shares of the credit services provider’s stock valued at $17,068,000 after purchasing an additional 164,269 shares during the last quarter. Grassi Investment Management raised its stake in Paypal by 7.0% during the 1st quarter. Grassi Investment Management now owns 44,400 shares of the credit services provider’s stock valued at $4,610,000 after purchasing an additional 2,900 shares during the last quarter. Old North State Trust LLC raised its stake in Paypal by 23.9% during the 1st quarter. Old North State Trust LLC now owns 675 shares of the credit services provider’s stock valued at $70,000 after purchasing an additional 130 shares during the last quarter. Finally, Webster Bank N. A. raised its stake in Paypal by 1.4% during the 1st quarter. Webster Bank N. A. now owns 17,621 shares of the credit services provider’s stock valued at $1,830,000 after purchasing an additional 241 shares during the last quarter. 80.71% of the stock is currently owned by institutional investors.

PYPL opened at $106.04 on Wednesday. The stock has a 50-day moving average price of $114.18. 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 $123.34 billion, a price-to-earnings ratio of 59.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last posted its earnings results 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 net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

In other news, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.71, for a total value of $359,858.10. Following 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $107.09, for a total transaction of $3,212,700.00. Following the completion of the sale, the chief executive officer now directly owns 487,074 shares in the company, valued at approximately $52,160,754.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,840 shares of company stock worth $11,257,532. 0.15% of the stock is owned by insiders.

Several equities analysts recently commented on PYPL shares. Deutsche Bank upped their target price on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. Nomura upped their target price on shares of Paypal from $123.00 to $139.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. KeyCorp upped their target price on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Morgan Stanley upped their target price on shares of Paypal from $114.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada upped their target price on shares of Paypal to $120.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $120.81.

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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