JustInvest LLC lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 48.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,879 shares of the credit services provider’s stock after buying an additional 3,882 shares during the period. Paypal makes up approximately 0.7% of JustInvest LLC’s investment portfolio, making the stock its 28th biggest holding. JustInvest LLC’s holdings in Paypal were worth $2,341,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. AXA increased its holdings in shares of Paypal by 25.0% during the 1st quarter. AXA now owns 1,259,536 shares of the credit services provider’s stock valued at $120,589,000 after purchasing an additional 251,852 shares in the last quarter. APG Asset Management N.V. raised its position in shares of Paypal by 83.5% in the first quarter. APG Asset Management N.V. now owns 1,387,143 shares of the credit services provider’s stock worth $132,805,000 after acquiring an additional 631,200 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Paypal by 722.0% during the 1st quarter. 1832 Asset Management L.P. now owns 3,107 shares of the credit services provider’s stock worth $304,000 after acquiring an additional 2,729 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Paypal during the 2nd quarter valued at about $228,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Paypal by 284.2% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,040 shares of the credit services provider’s stock valued at $355,000 after purchasing an additional 1,509 shares in the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

Shares of PYPL traded down $7.40 during trading on Wednesday, reaching $193.03. 314,837 shares of the company traded hands, compared to its average volume of 8,709,196. The stock has a 50-day simple moving average of $192.96 and a 200-day simple moving average of $170.23. The stock has a market cap of $235.16 billion, a PE ratio of 88.64, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $215.83. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the company posted $0.86 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. On average, equities research analysts predict that Paypal Holdings Inc will post 2.76 EPS for the current year.

PYPL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Paypal from $183.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Paypal from $200.00 to $234.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. SunTrust Banks upped their price objective on shares of Paypal from $140.00 to $215.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Loop Capital initiated coverage on shares of Paypal in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $201.00 target price on the stock. Finally, Stephens upped their price target on shares of Paypal from $194.00 to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and an average target price of $201.82.

In related news, EVP Mark Britto sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $193.68, for a total transaction of $1,743,120.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $183.82, for a total value of $4,595,500.00. Following the completion of the transaction, the chief executive officer now directly owns 469,603 shares of the company’s stock, valued at $86,322,423.46. The disclosure for this sale can be found here. In the last three months, insiders sold 123,409 shares of company stock worth $23,998,925. 0.12% of the stock is owned by corporate insiders.

About Paypal

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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