Strategic Wealth Advisors Group LLC Has $2.53 Million Position in Paypal Holdings Inc (NASDAQ:PYPL)

Strategic Wealth Advisors Group LLC grew its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,581 shares of the credit services provider’s stock after purchasing an additional 3,573 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Paypal were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of PYPL. Mcmillion Capital Management Inc. acquired a new position in shares of Paypal in the 2nd quarter worth approximately $35,000. AGF Investments LLC increased its stake in Paypal by 55.6% during the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 110 shares in the last quarter. Liberty Wealth Management LLC increased its stake in Paypal by 51.6% during the 3rd quarter. Liberty Wealth Management LLC now owns 382 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 130 shares in the last quarter. Sound Income Strategies LLC increased its stake in Paypal by 125.4% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 232 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC increased its stake in Paypal by 81.6% during the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 81.16% of the company’s stock.

A number of brokerages have commented on PYPL. Deutsche Bank boosted their price target on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. BidaskClub lowered shares of Paypal from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group boosted their price target on shares of Paypal from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, KeyCorp boosted their price target on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the company. Paypal currently has an average rating of “Buy” and a consensus target price of $123.10.

In other Paypal news, EVP Jonathan Auerbach sold 2,024 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $106.07, for a total transaction of $214,685.68. Following the sale, the executive vice president now directly owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $108.62, for a total transaction of $3,258,600.00. Following the sale, the insider now directly owns 472,074 shares in the company, valued at $51,276,677.88. The disclosure for this sale can be found here. Insiders sold a total of 104,814 shares of company stock worth $11,278,603 over the last three months. 0.15% of the stock is owned by insiders.

Shares of NASDAQ:PYPL traded up $0.46 during midday trading on Friday, reaching $100.93. The company had a trading volume of 291,731 shares, compared to its average volume of 7,725,283. The company’s 50 day moving average price is $102.85 and its 200 day moving average price is $109.36. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The stock has a market cap of $118.58 billion, a P/E ratio of 56.38, a P/E/G ratio of 2.39 and a beta of 0.96. Paypal Holdings Inc has a 52-week low of $75.47 and a 52-week high of $121.48.

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

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 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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