Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP grew its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 13.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,228 shares of the credit services provider’s stock after buying an additional 257 shares during the quarter. Mission Wealth Management LP’s holdings in Paypal were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wendell David Associates Inc. raised its holdings in shares of Paypal by 3.5% during the second quarter. Wendell David Associates Inc. now owns 2,640 shares of the credit services provider’s stock valued at $302,000 after purchasing an additional 89 shares during the period. Investment Management of Virginia LLC raised its holdings in shares of Paypal by 0.9% during the second quarter. Investment Management of Virginia LLC now owns 9,883 shares of the credit services provider’s stock valued at $1,131,000 after purchasing an additional 90 shares during the period. Boenning & Scattergood Inc. raised its holdings in shares of Paypal by 1.1% during the second quarter. Boenning & Scattergood Inc. now owns 9,467 shares of the credit services provider’s stock valued at $1,084,000 after purchasing an additional 100 shares during the period. Westbourne Investment Advisors Inc. raised its holdings in shares of Paypal by 0.5% during the second quarter. Westbourne Investment Advisors Inc. now owns 21,827 shares of the credit services provider’s stock valued at $2,498,000 after purchasing an additional 100 shares during the period. Finally, Boston Financial Mangement LLC raised its holdings in shares of Paypal by 1.8% during the second quarter. Boston Financial Mangement LLC now owns 5,640 shares of the credit services provider’s stock valued at $646,000 after purchasing an additional 100 shares during the period. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO John D. Rainey sold 7,283 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $107.23, for a total value of $780,956.09. Following the sale, the chief financial officer now owns 115,128 shares of the company’s stock, valued at $12,345,175.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $104.10, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief executive officer now directly owns 437,308 shares in the company, valued at approximately $45,523,762.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,814 shares of company stock valued at $11,278,603. 0.15% of the stock is owned by company insiders.

PYPL has been the topic of a number of analyst reports. Morgan Stanley set a $129.00 target price on shares of Paypal and gave the stock a “buy” rating in a report on Tuesday, September 17th. Berenberg Bank restated a “buy” rating and issued a $125.00 target price on shares of Paypal in a report on Friday, July 26th. Robert W. Baird upped their price objective on shares of Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Bank of America reaffirmed a “buy” rating and issued a $127.00 price objective (down from $131.00) on shares of Paypal in a research report on Friday, September 13th. Finally, Nomura set a $139.00 price objective on shares of Paypal and gave the stock a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $123.10.

Shares of PYPL traded up $0.95 during trading hours on Friday, reaching $101.42. 5,451,200 shares of the company traded hands, compared to its average volume of 6,845,562. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $102.75 and its two-hundred day moving average price is $109.33. Paypal Holdings Inc has a 12 month low of $75.47 and a 12 month high of $121.48. The company has a market capitalization of $118.58 billion, a price-to-earnings ratio of 56.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.96.

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

Featured Story: How to invest using market indexes

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.