Pacific Wealth Strategies Group Inc. Buys 79 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Pacific Wealth Strategies Group Inc. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,846 shares of the credit services provider’s stock after buying an additional 79 shares during the period. Pacific Wealth Strategies Group Inc.’s holdings in PayPal were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in PYPL. Hoylecohen LLC increased its position in PayPal by 12.3% in the first quarter. Hoylecohen LLC now owns 2,092 shares of the credit services provider’s stock worth $508,000 after purchasing an additional 229 shares during the last quarter. Garde Capital Inc. increased its position in PayPal by 7.3% in the first quarter. Garde Capital Inc. now owns 990 shares of the credit services provider’s stock worth $240,000 after purchasing an additional 67 shares during the last quarter. Aspire Private Capital LLC increased its position in PayPal by 85.1% in the first quarter. Aspire Private Capital LLC now owns 1,279 shares of the credit services provider’s stock worth $311,000 after purchasing an additional 588 shares during the last quarter. MBL Wealth LLC increased its position in PayPal by 140.6% in the first quarter. MBL Wealth LLC now owns 3,072 shares of the credit services provider’s stock worth $746,000 after purchasing an additional 1,795 shares during the last quarter. Finally, Fragasso Group Inc. increased its position in PayPal by 7.5% in the first quarter. Fragasso Group Inc. now owns 1,046 shares of the credit services provider’s stock worth $254,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.

In related news, EVP Jonathan Auerbach sold 12,314 shares of the company’s stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $187.32, for a total value of $2,306,658.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel H. Schulman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $206.38, for a total value of $2,063,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,114 shares of company stock worth $7,102,758. Corporate insiders own 0.10% of the company’s stock.

Several brokerages recently weighed in on PYPL. Morgan Stanley reduced their price target on shares of PayPal from $340.00 to $265.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 10th. Raymond James dropped their price objective on shares of PayPal from $340.00 to $264.00 and set an “outperform” rating for the company in a research note on Wednesday, November 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Thursday, July 29th. Wolfe Research dropped their price objective on shares of PayPal from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Tuesday, November 9th. Finally, Erste Group lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Friday, November 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $283.13.

Shares of PYPL traded up $0.66 during mid-day trading on Thursday, hitting $188.71. 13,344,071 shares of the company traded hands, compared to its average volume of 8,978,702. PayPal Holdings, Inc. has a 1-year low of $184.27 and a 1-year high of $310.16. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $221.72 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 3.01 and a beta of 1.11. The business has a 50 day moving average of $242.41 and a 200 day moving average of $265.40.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Monday, November 8th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. PayPal had a net margin of 20.09% and a return on equity of 19.75%. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 3.46 EPS for the current fiscal year.

PayPal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

Further Reading: Fundamental Analysis and Choosing Stocks

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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