YorkBridge Wealth Partners LLC Boosts Position in Paypal Holdings Inc (NASDAQ:PYPL)

YorkBridge Wealth Partners LLC increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,290 shares of the credit services provider’s stock after purchasing an additional 1,550 shares during the quarter. Paypal makes up approximately 1.0% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its 26th biggest position. YorkBridge Wealth Partners LLC’s holdings in Paypal were worth $1,998,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Wendell David Associates Inc. increased its position in shares of Paypal by 3.5% in the 2nd quarter. Wendell David Associates Inc. now owns 2,640 shares of the credit services provider’s stock valued at $302,000 after buying an additional 89 shares in the last quarter. Investment Management of Virginia LLC lifted its position in Paypal by 0.9% during the 2nd quarter. Investment Management of Virginia LLC now owns 9,883 shares of the credit services provider’s stock valued at $1,131,000 after acquiring an additional 90 shares during the period. Boenning & Scattergood Inc. lifted its position in Paypal by 1.1% during the 2nd quarter. Boenning & Scattergood Inc. now owns 9,467 shares of the credit services provider’s stock valued at $1,084,000 after acquiring an additional 100 shares during the period. Westbourne Investment Advisors Inc. lifted its position in Paypal by 0.5% during the 2nd quarter. Westbourne Investment Advisors Inc. now owns 21,827 shares of the credit services provider’s stock valued at $2,498,000 after acquiring an additional 100 shares during the period. Finally, Boston Financial Mangement LLC lifted its position in Paypal by 1.8% during the 2nd quarter. Boston Financial Mangement LLC now owns 5,640 shares of the credit services provider’s stock valued at $646,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

A number of research analysts recently issued reports on the stock. BTIG Research set a $130.00 price target on shares of Paypal and gave the company a “buy” rating in a research report on Wednesday, October 9th. ValuEngine cut shares of Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America reiterated a “buy” rating and set a $127.00 price objective (down previously from $131.00) on shares of Paypal in a research report on Friday, September 13th. Guggenheim upgraded shares of Paypal from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird boosted their price objective on shares of Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.81.

Shares of NASDAQ PYPL traded up $0.02 during mid-day trading on Monday, reaching $101.24. The company had a trading volume of 2,066,265 shares, compared to its average volume of 5,631,883. The business’s 50-day moving average is $104.61 and its 200-day moving average is $109.71. The stock has a market cap of $121.94 billion, a price-to-earnings ratio of 56.56, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. Paypal Holdings Inc has a 52 week low of $75.47 and a 52 week high of $121.48.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. As a group, sell-side analysts predict that Paypal Holdings Inc will post 2.36 earnings per share for the current year.

In other news, CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the sale, the chief executive officer now owns 487,074 shares of the company’s stock, valued at $52,160,754.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aaron Karczmer sold 3,110 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the sale, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. In the last three months, insiders sold 132,417 shares of company stock worth $14,511,700. Company insiders own 0.15% of the company’s stock.

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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