Captrust Financial Advisors lifted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,438 shares of the credit services provider’s stock after buying an additional 683 shares during the quarter. Captrust Financial Advisors’ holdings in Paypal were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. acquired a new position in Paypal during the 3rd quarter valued at $302,000. Atlantic Trust LLC raised its stake in shares of Paypal by 11.0% in the 3rd quarter. Atlantic Trust LLC now owns 39,517 shares of the credit services provider’s stock valued at $3,471,000 after buying an additional 3,903 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Paypal by 12.1% in the 3rd quarter. Mackenzie Financial Corp now owns 11,143 shares of the credit services provider’s stock valued at $979,000 after buying an additional 1,205 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Paypal by 7.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 376,645 shares of the credit services provider’s stock valued at $33,084,000 after buying an additional 25,835 shares in the last quarter. Finally, Athanor Capital LP acquired a new position in shares of Paypal in the 3rd quarter valued at $5,520,000. Institutional investors and hedge funds own 79.15% of the company’s stock.
In other Paypal news, insider Gary J. Marino sold 1,009 shares of the stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $84.96, for a total transaction of $85,724.64. Following the sale, the insider now owns 41,309 shares of the company’s stock, valued at approximately $3,509,612.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Auerbach sold 4,684 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $83.81, for a total transaction of $392,566.04. Following the sale, the executive vice president now directly owns 97,433 shares in the company, valued at approximately $8,165,859.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,222 shares of company stock worth $34,257,412. 0.20% of the stock is owned by insiders.
Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts expect that Paypal Holdings Inc will post 1.79 earnings per share for the current year.
A number of brokerages have recently issued reports on PYPL. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Wednesday, October 24th. BidaskClub upgraded shares of Paypal from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Canaccord Genuity increased their price objective on shares of Paypal from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, October 19th. Barclays began coverage on shares of Paypal in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a $110.00 price objective on shares of Paypal in a research note on Wednesday, August 29th. Seven analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $94.96.
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Paypal Company 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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