CMH Wealth Management LLC Acquires 860 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

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CMH Wealth Management LLC increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 34,923 shares of the credit services provider’s stock after acquiring an additional 860 shares during the period. Paypal comprises 2.0% of CMH Wealth Management LLC’s portfolio, making the stock its 13th biggest position. CMH Wealth Management LLC’s holdings in Paypal were worth $3,618,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wendell David Associates Inc. raised its position in Paypal by 3.5% during the 2nd 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 in the last quarter. Investment Management of Virginia LLC increased its holdings in shares of 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 valued at $1,131,000 after acquiring an additional 90 shares during the period. Magnus Financial Group LLC increased its holdings in shares of Paypal by 2.0% in the 1st quarter. Magnus Financial Group LLC now owns 4,832 shares of the credit services provider’s stock valued at $502,000 after acquiring an additional 97 shares during the period. Long Road Investment Counsel LLC increased its holdings in shares of Paypal by 0.7% in the 1st quarter. Long Road Investment Counsel LLC now owns 15,000 shares of the credit services provider’s stock valued at $1,558,000 after acquiring an additional 100 shares during the period. Finally, Boenning & Scattergood Inc. increased its holdings in shares of Paypal by 1.1% in 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. 80.53% of the stock is owned by hedge funds and other institutional investors.

PYPL stock traded up $1.04 on Friday, hitting $101.58. 4,763,969 shares of the company’s stock were exchanged, compared to its average volume of 6,718,145. Paypal Holdings Inc has a 12-month low of $75.47 and a 12-month high of $121.48. The firm has a 50 day moving average price of $105.41 and a two-hundred day moving average price of $109.72. The stock has a market cap of $116.88 billion, a P/E ratio of 56.75, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

A number of brokerages have recently issued reports on PYPL. Morgan Stanley set a $129.00 price target on Paypal and gave the company a “buy” rating in a report on Tuesday, September 17th. BTIG Research set a $130.00 price target on Paypal and gave the company a “buy” rating in a report on Wednesday, July 24th. UBS Group set a $120.00 price target on Paypal and gave the company a “hold” rating in a report on Tuesday, September 24th. KeyCorp lifted their price target on Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, ValuEngine downgraded Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $122.17.

In other Paypal news, EVP Jonathan Auerbach sold 2,024 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the sale, the executive vice president now owns 118,844 shares in the company, valued at approximately $12,605,783.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $107.09, for a total value of $3,212,700.00. Following the sale, the chief executive officer now owns 487,074 shares in the company, valued at approximately $52,160,754.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,417 shares of company stock worth $14,511,700. Company insiders own 0.15% of the company’s stock.

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.

Recommended Story: Institutional Investors

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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