Bailard Inc. grew its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 46.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,510 shares of the credit services provider’s stock after acquiring an additional 13,850 shares during the period. Bailard Inc.’s holdings in Paypal were worth $4,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mcmillion Capital Management Inc. bought a new stake in shares of Paypal during the second quarter valued at about $35,000. AGF Investments LLC increased its position in shares of Paypal by 55.6% during the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock valued at $35,000 after buying an additional 110 shares during the period. Sound Income Strategies LLC increased its position in shares of Paypal by 125.4% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock valued at $43,000 after buying an additional 232 shares during the period. Nelson Roberts Investment Advisors LLC increased its position in shares of Paypal by 81.6% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock valued at $53,000 after buying an additional 209 shares during the period. Finally, Tortoise Investment Management LLC increased its position in shares of Paypal by 615.4% during the second quarter. Tortoise Investment Management LLC now owns 465 shares of the credit services provider’s stock valued at $53,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 80.58% of the company’s stock.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the transaction, the executive vice president now directly owns 15,041 shares in the company, valued at $1,740,394.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the transaction, the insider now owns 487,074 shares in the company, valued at $54,532,805.04. The disclosure for this sale can be found here. Insiders have sold 132,417 shares of company stock worth $14,511,700 over the last quarter. Company insiders own 0.15% of the company’s stock.

Shares of NASDAQ PYPL opened at $101.22 on Friday. Paypal Holdings Inc has a one year low of $75.47 and a one year high of $121.48. The firm’s 50 day simple moving average is $104.61 and its two-hundred day simple moving average is $109.71. The stock has a market capitalization of $121.94 billion, a P/E ratio of 56.55, a PEG ratio of 2.38 and a beta of 0.96.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.33 billion. During the same period last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts forecast that Paypal Holdings Inc will post 2.37 earnings per share for the current year.

Several research analysts recently weighed in on PYPL shares. Oppenheimer upped their price objective on shares of Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wedbush set a $140.00 price objective on shares of Paypal and gave the stock a “buy” rating in a research report on Friday, August 16th. Deutsche Bank upped their price objective on shares of Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, July 16th. BTIG Research set a $130.00 price objective on shares of Paypal and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group upped their price objective on shares of Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $122.81.

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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