Independent Advisor Alliance Has $2.93 Million Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Independent Advisor Alliance lifted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 77.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,208 shares of the credit services provider’s stock after acquiring an additional 12,339 shares during the quarter. Independent Advisor Alliance’s holdings in Paypal were worth $2,929,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Truehand Inc purchased a new stake in Paypal during the fourth quarter worth $25,000. Bruderman Asset Management LLC purchased a new position in Paypal during the fourth quarter valued at $27,000. Private Ocean LLC lifted its stake in shares of Paypal by 386.7% in the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after buying an additional 290 shares in the last quarter. CX Institutional lifted its stake in shares of Paypal by 605.7% in the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Paypal in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Bank of America restated a “buy” rating and set a $131.00 price objective (up from $123.00) on shares of Paypal in a research report on Thursday, June 13th. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 17th. BTIG Research lifted their price target on shares of Paypal from $114.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal in a research report on Wednesday, May 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $110.71.

In other news, EVP Jonathan Auerbach sold 8,730 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $113.80, for a total transaction of $993,474.00. Following the completion of the transaction, the executive vice president now owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the transaction, the insider now directly owns 523,821 shares of the company’s stock, valued at approximately $58,191,274.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,714 shares of company stock worth $19,911,348. 0.15% of the stock is owned by insiders.

Shares of NASDAQ:PYPL traded up $0.79 on Friday, reaching $114.46. 4,317,521 shares of the company were exchanged, compared to its average volume of 6,810,376. Paypal Holdings Inc has a 1-year low of $74.66 and a 1-year high of $119.95. The company has a market capitalization of $133.61 billion, a price-to-earnings ratio of 63.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.02. The stock’s 50-day simple moving average is $112.80.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Paypal Holdings Inc will post 2.24 earnings per share for the current year.

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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