Zevin Asset Management LLC Purchases 615 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Zevin Asset Management LLC boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,606 shares of the credit services provider’s stock after acquiring an additional 615 shares during the period. Zevin Asset Management LLC’s holdings in Paypal were worth $1,617,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PYPL. Benjamin F. Edwards & Company Inc. raised its position in Paypal by 5.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,098 shares of the credit services provider’s stock worth $735,000 after buying an additional 353 shares during the last quarter. Carillon Tower Advisers Inc. raised its holdings in shares of Paypal by 49.8% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 89,900 shares of the credit services provider’s stock worth $9,313,000 after acquiring an additional 29,900 shares in the last quarter. Rikoon Group LLC raised its holdings in shares of Paypal by 0.5% during the 3rd quarter. Rikoon Group LLC now owns 19,993 shares of the credit services provider’s stock worth $2,071,000 after acquiring an additional 100 shares in the last quarter. Doliver Advisors LP raised its holdings in shares of Paypal by 27.8% during the 3rd quarter. Doliver Advisors LP now owns 11,474 shares of the credit services provider’s stock worth $1,189,000 after acquiring an additional 2,495 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Paypal by 14.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 11,991 shares of the credit services provider’s stock worth $1,242,000 after acquiring an additional 1,497 shares in the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.

NASDAQ:PYPL traded up $0.95 during midday trading on Friday, hitting $101.42. 5,451,200 shares of the company traded hands, compared to its average volume of 6,845,562. The firm’s fifty day moving average is $102.75 and its 200-day moving average is $109.33. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. Paypal Holdings Inc has a 12-month low of $75.47 and a 12-month high of $121.48. The firm has a market capitalization of $118.58 billion, a P/E ratio of 56.66, a P/E/G ratio of 2.39 and a beta of 0.96.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Paypal had a return on equity of 16.73% and a net margin of 14.89%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the business posted $0.58 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. On average, research analysts expect that Paypal Holdings Inc will post 2.3 EPS for the current fiscal year.

In other Paypal news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $110.87, for a total value of $3,326,100.00. Following the completion of the sale, the chief executive officer now directly owns 457,074 shares in the company, valued at $50,675,794.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the completion of the sale, the executive vice president now owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,814 shares of company stock valued at $11,278,603. 0.15% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on PYPL. Deutsche Bank upped their price objective on Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. Robert W. Baird upped their price objective on Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Nomura set a $139.00 price objective on Paypal and gave the stock a “buy” rating in a report on Monday, October 21st. Berenberg Bank reaffirmed a “buy” rating and set a $125.00 price objective on shares of Paypal in a report on Friday, July 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $128.00 price objective on shares of Paypal in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $123.10.

Paypal 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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