Wendell David Associates Inc. Invests $265,000 in Paypal Holdings Inc (PYPL)

Wendell David Associates Inc. bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,551 shares of the credit services provider’s stock, valued at approximately $265,000.

Several other large investors have also added to or reduced their stakes in PYPL. Vanguard Group Inc. boosted its stake in Paypal by 3.7% during the third quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after buying an additional 3,056,620 shares during the last quarter. Vanguard Group Inc boosted its stake in Paypal by 3.7% during the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after buying an additional 3,056,620 shares during the last quarter. BlackRock Inc. boosted its stake in Paypal by 1.9% during the fourth quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock valued at $6,287,624,000 after buying an additional 1,393,628 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Paypal by 7,419.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after buying an additional 19,154,611 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Paypal by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock valued at $1,210,539,000 after buying an additional 851,398 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

In other news, EVP Adele Louise Pentland sold 3,056 shares of Paypal stock in a transaction on Friday, February 1st. The stock was sold at an average price of $89.08, for a total value of $272,228.48. Following the transaction, the executive vice president now directly owns 55,963 shares in the company, valued at approximately $4,985,184.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Monday, February 4th. The shares were sold at an average price of $91.49, for a total value of $2,744,700.00. Following the completion of the transaction, the insider now owns 304,826 shares in the company, valued at $27,888,530.74. The disclosure for this sale can be found here. Insiders have sold a total of 280,295 shares of company stock worth $26,469,952 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

A number of brokerages recently commented on PYPL. Zacks Investment Research raised Paypal from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price target (up from $103.00) on shares of Paypal in a research note on Thursday, January 31st. Loop Capital increased their price target on Paypal to $100.00 and gave the company a “hold” rating in a research note on Tuesday. Atlantic Securities lowered Paypal from an “overweight” rating to a “neutral” rating in a research note on Friday, February 1st. Finally, Morgan Stanley raised their price objective on Paypal from $99.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $100.12.

PYPL opened at $108.20 on Wednesday. The firm has a market cap of $126.83 billion, a price-to-earnings ratio of 60.45, a PEG ratio of 2.83 and a beta of 1.03. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $109.00.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. Paypal had a return on equity of 14.67% and a net margin of 13.31%. Paypal’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. As a group, equities analysts predict that Paypal Holdings Inc will post 2.15 earnings per share for the current fiscal year.

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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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