Raymond James Trust N.A. raised its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,843 shares of the company’s stock after buying an additional 103 shares during the period. Raymond James Trust N.A.’s holdings in Paypal Holdings were worth $486,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Jacobs & Co. CA increased its position in shares of Paypal Holdings by 5.6% in the third quarter. Jacobs & Co. CA now owns 120,716 shares of the company’s stock worth $4,945,000 after buying an additional 6,360 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Paypal Holdings by 0.6% in the third quarter. Fisher Asset Management LLC now owns 292,143 shares of the company’s stock valued at $11,969,000 after buying an additional 1,645 shares during the period. Gradient Investments LLC increased its stake in shares of Paypal Holdings by 0.6% in the third quarter. Gradient Investments LLC now owns 8,432 shares of the company’s stock valued at $345,000 after buying an additional 54 shares during the period. Salem Capital Management Inc. increased its stake in shares of Paypal Holdings by 4.7% in the third quarter. Salem Capital Management Inc. now owns 14,575 shares of the company’s stock valued at $597,000 after buying an additional 650 shares during the period. Finally, Addison Capital Co purchased a new stake in shares of Paypal Holdings during the third quarter valued at $2,368,000. 78.13% of the stock is owned by institutional investors and hedge funds.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.52% on Friday, hitting $40.26. 2,324,478 shares of the company traded hands. The stock’s 50-day moving average is $40.66 and its 200 day moving average is $38.82. The firm has a market capitalization of $47.51 billion, a P/E ratio of 35.63 and a beta of 1.06. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $44.52.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The firm earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $0.31 earnings per share. Paypal Holdings’s revenue was up 18.1% compared to the same quarter last year. Equities analysts forecast that Paypal Holdings Inc. will post $1.50 EPS for the current fiscal year.
Several equities research analysts recently issued reports on PYPL shares. Vetr upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $45.72 target price on the stock in a report on Tuesday, October 25th. Evercore ISI started coverage on shares of Paypal Holdings in a report on Tuesday, October 18th. They issued a “buy” rating and a $46.00 target price on the stock. Wedbush restated an “outperform” rating and issued a $50.00 target price on shares of Paypal Holdings in a report on Friday, September 23rd. SunTrust Banks Inc. restated a “buy” rating and issued a $45.00 target price on shares of Paypal Holdings in a report on Wednesday, October 12th. Finally, Jefferies Group restated a “buy” rating and issued a $40.24 target price (down previously from $48.00) on shares of Paypal Holdings in a report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.21.
In other Paypal Holdings news, COO William J. Ready sold 50,000 shares of Paypal Holdings stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $41.72, for a total transaction of $2,086,000.00. Following the completion of the sale, the chief operating officer now directly owns 59,999 shares in the company, valued at $2,503,158.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
About Paypal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.