Raymond James Trust N.A. Raises Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)


Share on StockTwits

Raymond James Trust N.A. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,438 shares of the credit services provider’s stock after buying an additional 1,723 shares during the period. Raymond James Trust N.A.’s holdings in PayPal were worth $4,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Baystate Wealth Management LLC boosted its stake in PayPal by 4.7% during the 3rd quarter. Baystate Wealth Management LLC now owns 1,105 shares of the credit services provider’s stock valued at $218,000 after purchasing an additional 50 shares during the last quarter. Red Door Wealth Management LLC boosted its holdings in shares of PayPal by 3.7% during the 3rd quarter. Red Door Wealth Management LLC now owns 1,406 shares of the credit services provider’s stock valued at $278,000 after acquiring an additional 50 shares during the last quarter. Eastover Investment Advisors LLC boosted its holdings in PayPal by 0.7% in the third quarter. Eastover Investment Advisors LLC now owns 7,553 shares of the credit services provider’s stock worth $1,488,000 after purchasing an additional 50 shares during the last quarter. Meridian Investment Counsel Inc. boosted its stake in shares of PayPal by 4.0% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 1,302 shares of the credit services provider’s stock worth $257,000 after buying an additional 50 shares during the last quarter. Finally, Capital City Trust Co. FL boosted its stake in shares of PayPal by 1.5% in the 3rd quarter. Capital City Trust Co. FL now owns 3,467 shares of the credit services provider’s stock worth $683,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

In other news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $195.48, for a total value of $4,887,000.00. Following the sale, the chief executive officer now directly owns 445,803 shares of the company’s stock, valued at approximately $87,145,570.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Auerbach sold 3,109 shares of the company’s stock in a transaction on Friday, November 20th. The shares were sold at an average price of $193.20, for a total transaction of $600,658.80. Following the completion of the sale, the executive vice president now directly owns 60,279 shares in the company, valued at $11,645,902.80. The disclosure for this sale can be found here. Insiders have sold 87,109 shares of company stock worth $17,452,089 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Shares of PayPal stock opened at $244.90 on Thursday. The firm’s 50 day moving average price is $227.48 and its 200-day moving average price is $199.65. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. PayPal Holdings, Inc. has a 52-week low of $82.07 and a 52-week high of $247.44. The company has a market cap of $286.95 billion, a P/E ratio of 112.34, a PEG ratio of 3.42 and a beta of 1.11.

PayPal (NASDAQ:PYPL) last announced its earnings results on Monday, November 2nd. The credit services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.13. PayPal had a return on equity of 16.17% and a net margin of 13.44%. The firm had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 2.76 EPS for the current fiscal year.

Several research analysts have issued reports on the company. KeyCorp raised their target price on PayPal from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 16th. Piper Sandler raised their price objective on shares of PayPal from $228.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, December 9th. Barclays reiterated a “buy” rating and set a $125.00 price target on shares of PayPal in a research note on Tuesday, December 22nd. Loop Capital began coverage on shares of PayPal in a research note on Tuesday, September 22nd. They set a “buy” rating and a $201.00 price target on the stock. Finally, Mizuho reiterated a “buy” rating and set a $290.00 target price (up from $270.00) on shares of PayPal in a research report on Tuesday, December 1st. Five equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. PayPal presently has a consensus rating of “Buy” and an average price target of $209.61.

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 and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Featured Article: Investing in Dividend Stocks

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.