W.G. Shaheen & Associates DBA Whitney & Co Has $8.28 Million Stake in Paypal Holdings Inc (NASDAQ:PYPL)

W.G. Shaheen & Associates DBA Whitney & Co trimmed its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,353 shares of the credit services provider’s stock after selling 155 shares during the quarter. Paypal makes up about 1.9% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 17th largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Paypal were worth $8,282,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PYPL. Wendell David Associates Inc. lifted its holdings in Paypal by 3.5% in the 2nd quarter. Wendell David Associates Inc. now owns 2,640 shares of the credit services provider’s stock worth $302,000 after purchasing an additional 89 shares during the last quarter. Investment Management of Virginia LLC lifted its holdings in Paypal by 0.9% in the 2nd quarter. Investment Management of Virginia LLC now owns 9,883 shares of the credit services provider’s stock worth $1,131,000 after purchasing an additional 90 shares during the last quarter. Waldron Private Wealth LLC increased its position in Paypal by 1.5% in the 1st quarter. Waldron Private Wealth LLC now owns 6,190 shares of the credit services provider’s stock worth $642,000 after buying an additional 93 shares during the period. Magnus Financial Group LLC increased its position in Paypal by 2.0% in the 1st quarter. Magnus Financial Group LLC now owns 4,832 shares of the credit services provider’s stock worth $502,000 after buying an additional 97 shares during the period. Finally, First Personal Financial Services increased its position in Paypal by 17.5% in the 1st quarter. First Personal Financial Services now owns 670 shares of the credit services provider’s stock worth $70,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

In other news, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the sale, the insider now directly owns 523,821 shares in the company, valued at $58,191,274.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Auerbach sold 2,024 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the sale, the executive vice president now owns 118,844 shares in the company, valued at $12,605,783.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,134 shares of company stock worth $10,478,744. 0.15% of the stock is currently owned by company insiders.



Several brokerages have commented on PYPL. Craig Hallum lifted their price target on Paypal from $125.00 to $140.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Jefferies Financial Group lifted their price target on Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Bank of America reaffirmed a “buy” rating and issued a $131.00 price target (up from $123.00) on shares of Paypal in a research report on Thursday, June 13th. Rosenblatt Securities began coverage on Paypal in a research report on Monday. They issued a “buy” rating and a $126.00 price target on the stock. Finally, Nomura lifted their price target on Paypal from $123.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Paypal has a consensus rating of “Buy” and a consensus target price of $120.99.

Shares of PYPL traded down $2.07 on Friday, reaching $106.70. 3,242,045 shares of the stock traded hands, compared to its average volume of 9,091,206. The firm has a market cap of $126.34 billion, a price-to-earnings ratio of 59.61, a P/E/G ratio of 2.48 and a beta of 0.97. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $121.48. The stock’s 50-day moving average price is $112.69 and its 200-day moving average price is $107.58.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. Paypal’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. As a group, equities research analysts anticipate that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

Paypal Company 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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