Canton Hathaway LLC Has $381,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canton Hathaway LLC lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,465 shares of the credit services provider’s stock after buying an additional 465 shares during the period. Canton Hathaway LLC’s holdings in PayPal were worth $381,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of PayPal by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 93,302,393 shares of the credit services provider’s stock worth $27,195,782,000 after buying an additional 359,689 shares during the last quarter. State Street Corp lifted its stake in PayPal by 1.3% in the 2nd quarter. State Street Corp now owns 45,178,805 shares of the credit services provider’s stock valued at $13,168,718,000 after purchasing an additional 560,349 shares during the last quarter. Geode Capital Management LLC lifted its stake in PayPal by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 18,736,891 shares of the credit services provider’s stock valued at $5,445,102,000 after purchasing an additional 620,061 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in PayPal by 2.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 13,846,385 shares of the credit services provider’s stock valued at $4,035,944,000 after purchasing an additional 366,457 shares during the last quarter. Finally, Morgan Stanley lifted its stake in PayPal by 5.4% in the 2nd quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock valued at $3,517,662,000 after purchasing an additional 613,441 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

In other news, CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction on Friday, October 29th. The shares were sold at an average price of $234.53, for a total transaction of $2,345,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Auerbach sold 12,314 shares of PayPal stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $187.32, for a total transaction of $2,306,658.48. The disclosure for this sale can be found here. Insiders sold 34,114 shares of company stock worth $7,102,758 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Several equities research analysts recently issued reports on PYPL shares. DA Davidson cut their target price on shares of PayPal from $325.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, November 9th. Morgan Stanley cut their target price on shares of PayPal from $340.00 to $265.00 and set an “overweight” rating for the company in a research note on Wednesday, November 10th. UBS Group reiterated a “buy” rating and issued a $263.00 target price on shares of PayPal in a research note on Thursday, November 18th. Robert W. Baird lowered their price target on shares of PayPal from $325.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, November 9th. Finally, Truist lowered their price target on shares of PayPal from $275.00 to $200.00 and set a “hold” rating on the stock in a report on Tuesday, November 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $283.13.

PayPal stock traded up $0.66 during mid-day trading on Thursday, reaching $188.71. The company had a trading volume of 13,344,071 shares, compared to its average volume of 8,978,702. PayPal Holdings, Inc. has a fifty-two week low of $184.27 and a fifty-two week high of $310.16. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $221.72 billion, a P/E ratio of 45.36, a P/E/G ratio of 3.01 and a beta of 1.11. The business has a fifty day simple moving average of $242.41 and a 200 day simple moving average of $265.40.

PayPal (NASDAQ:PYPL) last issued its earnings results on Monday, November 8th. The credit services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. PayPal had a net margin of 20.09% and a return on equity of 19.75%. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 3.46 EPS for the current year.

PayPal Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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