Atlantic Trust LLC Boosts Position in Paypal Holdings Inc (PYPL)

Atlantic Trust LLC increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,411 shares of the credit services provider’s stock after acquiring an additional 5,151 shares during the period. Paypal makes up 1.8% of Atlantic Trust LLC’s investment portfolio, making the stock its 16th largest holding. Atlantic Trust LLC’s holdings in Paypal were worth $2,395,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. San Francisco Sentry Investment Group CA boosted its stake in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paypal during the third quarter worth about $113,000. Kistler Tiffany Companies LLC boosted its stake in Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Paypal by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in Paypal by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after acquiring an additional 1,807 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Paypal Holdings Inc (PYPL) opened at $74.09 on Thursday. The stock has a market cap of $88,480.00 and a P/E ratio of 52.35. Paypal Holdings Inc has a 12-month low of $39.02 and a 12-month high of $79.39.

Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. equities analysts forecast that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Nomura raised shares of Paypal to a “buy” rating and lifted their target price for the stock from $79.00 to $82.00 in a report on Wednesday. BMO Capital Markets lifted their target price on shares of Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday. Vetr cut shares of Paypal from a “strong-buy” rating to a “buy” rating and set a $80.71 target price for the company. in a report on Wednesday, December 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of Paypal in a report on Tuesday, December 5th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $90.00 target price on shares of Paypal in a report on Friday, December 1st. Ten investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $73.53.

In other Paypal news, Director Rodney C. Adkins bought 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the transaction, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.00% of the company’s stock.

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Paypal Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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