Patten & Patten Inc. TN Has $11.74 Million Holdings in Paypal Holdings Inc (PYPL)

Patten & Patten Inc. TN lowered its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 159,521 shares of the credit services provider’s stock after selling 5,240 shares during the quarter. Paypal makes up about 1.2% of Patten & Patten Inc. TN’s portfolio, making the stock its 23rd largest holding. Patten & Patten Inc. TN’s holdings in Paypal were worth $11,744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Dillon & Associates Inc. increased its position in shares of Paypal by 14.5% during the second quarter. Dillon & Associates Inc. now owns 59,595 shares of the credit services provider’s stock worth $3,218,000 after purchasing an additional 7,565 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Paypal by 12.6% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 12,387 shares of the credit services provider’s stock worth $665,000 after purchasing an additional 1,385 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Paypal by 124.5% during the second quarter. IFM Investors Pty Ltd now owns 31,086 shares of the credit services provider’s stock worth $1,668,000 after buying an additional 17,237 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Paypal by 9.4% during the second quarter. Schroder Investment Management Group now owns 351,474 shares of the credit services provider’s stock worth $18,775,000 after buying an additional 30,311 shares during the last quarter. Finally, CIBC World Markets Inc. grew its holdings in shares of Paypal by 819.1% during the second quarter. CIBC World Markets Inc. now owns 157,454 shares of the credit services provider’s stock worth $8,451,000 after buying an additional 140,322 shares during the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.

A number of research firms recently issued reports on PYPL. Jefferies Group raised their price target on Paypal from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday. Credit Suisse Group reissued an “outperform” rating and set a $91.00 price target (up previously from $85.00) on shares of Paypal in a report on Wednesday, January 17th. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Cowen raised Paypal from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $79.05 to $88.00 in a report on Tuesday, January 9th. Finally, Vetr lowered Paypal from a “buy” rating to a “hold” rating and set a $81.27 price target on the stock. in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.55.

Shares of Paypal Holdings Inc (NASDAQ PYPL) traded up $0.04 during trading hours on Monday, hitting $83.88. The stock had a trading volume of 1,120,000 shares, compared to its average volume of 7,400,000. The stock has a market cap of $100,810.00 and a price-to-earnings ratio of 65.53. Paypal Holdings Inc has a fifty-two week low of $39.02 and a fifty-two week high of $84.19.

In other news, Director Rodney C. Adkins purchased 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.00% of the stock is owned by insiders.

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Paypal Company 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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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