Gables Capital Management Inc. Takes Position in Paypal Holdings Inc (PYPL)

Gables Capital Management Inc. acquired a new stake in Paypal Holdings Inc (NASDAQ:PYPL) in the 3rd quarter, Holdings Channel reports. The fund acquired 4,700 shares of the credit services provider’s stock, valued at approximately $413,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Archford Capital Strategies LLC raised its holdings in Paypal by 92.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 625 shares in the last quarter. Patton Albertson Miller Group LLC acquired a new position in Paypal in the 3rd quarter valued at $126,000. Landaas & Co. WI ADV acquired a new position in Paypal in the 2nd quarter valued at $135,000. Adviser Investments LLC raised its holdings in Paypal by 165.3% in the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 1,030 shares in the last quarter. Finally, ELM Advisors LLC acquired a new position in Paypal in the 3rd quarter valued at $149,000. 79.81% of the stock is owned by hedge funds and other institutional investors.

In other Paypal news, EVP Jonathan Auerbach sold 4,684 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $83.81, for a total value of $392,566.04. Following the sale, the executive vice president now owns 97,433 shares in the company, valued at approximately $8,165,859.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total value of $2,193,880.00. Following the completion of the sale, the insider now owns 320,026 shares in the company, valued at approximately $27,003,793.88. The disclosure for this sale can be found here. Insiders sold a total of 378,746 shares of company stock worth $31,947,907 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

A number of research firms have recently commented on PYPL. BidaskClub raised Paypal from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Wednesday, October 24th. Stifel Nicolaus boosted their price target on Paypal from $99.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Stephens reissued a “buy” rating and set a $95.00 price target on shares of Paypal in a report on Friday, July 27th. Finally, Cantor Fitzgerald boosted their price target on Paypal to $98.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $93.93.

Shares of PYPL stock opened at $89.04 on Friday. Paypal Holdings Inc has a twelve month low of $68.61 and a twelve month high of $93.70. The firm has a market cap of $99.80 billion, a P/E ratio of 64.06, a PEG ratio of 2.66 and a beta of 1.23.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue was up 13.7% on a year-over-year basis. On average, analysts forecast that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.

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Paypal Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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