Haverford Trust Co. Invests $217,000 in Paypal Holdings Inc (NASDAQ:PYPL)

Share on StockTwits

Haverford Trust Co. purchased a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,094 shares of the credit services provider’s stock, valued at approximately $217,000.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in Paypal by 71.4% in the third quarter. Daiwa Securities Group Inc. now owns 107,546 shares of the credit services provider’s stock valued at $11,140,000 after buying an additional 44,793 shares during the last quarter. Hemenway Trust Co LLC boosted its position in Paypal by 2.5% in the third quarter. Hemenway Trust Co LLC now owns 105,231 shares of the credit services provider’s stock valued at $10,901,000 after buying an additional 2,605 shares during the last quarter. Broderick Brian C boosted its position in Paypal by 11.5% in the third quarter. Broderick Brian C now owns 41,639 shares of the credit services provider’s stock valued at $4,313,000 after buying an additional 4,302 shares during the last quarter. Page Arthur B boosted its position in Paypal by 1.0% in the third quarter. Page Arthur B now owns 12,084 shares of the credit services provider’s stock valued at $1,252,000 after buying an additional 124 shares during the last quarter. Finally, Provident Trust Co. boosted its position in Paypal by 4.6% in the third quarter. Provident Trust Co. now owns 1,576,517 shares of the credit services provider’s stock valued at $163,311,000 after buying an additional 69,239 shares during the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.

PYPL has been the topic of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a $125.00 target price on shares of Paypal in a research report on Friday, July 26th. UBS Group set a $120.00 target price on Paypal and gave the company a “hold” rating in a research report on Tuesday, September 24th. ValuEngine lowered Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upped their target price on Paypal from $124.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, SunTrust Banks lowered their price objective on Paypal to $105.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $123.10.

Shares of PYPL stock traded up $0.95 during trading hours on Friday, hitting $101.42. 5,451,200 shares of the company’s stock were exchanged, 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 firm has a 50 day moving average of $102.75 and a two-hundred day moving average of $109.33. The firm has a market cap 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 Holdings Inc has a fifty-two week low of $75.47 and a fifty-two week high of $121.48.

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

In other news, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the completion of the transaction, the executive vice president now directly 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 is accessible through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $108.62, for a total value of $3,258,600.00. Following the transaction, the insider now owns 472,074 shares of the company’s stock, valued at $51,276,677.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,814 shares of company stock valued at $11,278,603. 0.15% of the stock is owned by company insiders.

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: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.