Inlet Private Wealth LLC Has $2.67 Million Stock Position in Paypal Holdings Inc (NASDAQ:PYPL)

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Inlet Private Wealth LLC lowered its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,565 shares of the credit services provider’s stock after selling 100 shares during the period. Inlet Private Wealth LLC’s holdings in Paypal were worth $2,673,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. IFM Investors Pty Ltd boosted its position in Paypal by 13.2% in the third quarter. IFM Investors Pty Ltd now owns 92,745 shares of the credit services provider’s stock valued at $18,274,000 after buying an additional 10,827 shares in the last quarter. Nwam LLC boosted its position in Paypal by 0.6% in the third quarter. Nwam LLC now owns 22,568 shares of the credit services provider’s stock valued at $4,447,000 after buying an additional 127 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in Paypal in the third quarter valued at approximately $1,095,000. Mission Wealth Management LP boosted its position in Paypal by 52.5% in the third quarter. Mission Wealth Management LP now owns 4,049 shares of the credit services provider’s stock valued at $798,000 after buying an additional 1,394 shares in the last quarter. Finally, Darwin Advisors LLC acquired a new stake in Paypal in the third quarter valued at approximately $7,020,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

A number of brokerages have recently commented on PYPL. Morgan Stanley lifted their price target on shares of Paypal from $131.00 to $206.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. 140166 lifted their price target on shares of Paypal from $190.00 to $220.00 in a report on Thursday, July 30th. Stephens lifted their price target on shares of Paypal from $194.00 to $228.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Piper Sandler lifted their price target on shares of Paypal from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, BidaskClub lowered shares of Paypal from a “buy” rating to a “hold” rating in a report on Tuesday, October 13th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $197.98.

PYPL traded up $1.31 during midday trading on Friday, reaching $204.45. The company had a trading volume of 9,663,990 shares, compared to its average volume of 8,713,604. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $239.88 billion, a PE ratio of 93.78, a P/E/G ratio of 3.11 and a beta of 1.14. Paypal Holdings Inc has a 12-month low of $82.07 and a 12-month high of $212.45. The business has a 50-day moving average price of $192.63 and a two-hundred day moving average price of $164.25.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.46. The firm had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. On average, research analysts anticipate that Paypal Holdings Inc will post 2.75 earnings per share for the current year.

In related news, EVP Mark Britto sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $193.68, for a total transaction of $1,743,120.00. Following the sale, the executive vice president now directly owns 89,886 shares in the company, valued at approximately $17,409,120.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David M. Moffett sold 5,028 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $206.81, for a total transaction of $1,039,840.68. Following the sale, the director now owns 71,470 shares in the company, valued at $14,780,710.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,409 shares of company stock worth $22,178,495. Corporate insiders own 0.12% of the company’s stock.

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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