PayPal (PYPL) Stake Increased by Dillon & Associates Inc.

Dillon & Associates Inc. grew its position in PayPal (NASDAQ:PYPL) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,160 shares of the credit services provider’s stock after buying an additional 1,115 shares during the period. PayPal accounts for about 1.8% of Dillon & Associates Inc.’s portfolio, making the stock its 24th largest position. Dillon & Associates Inc.’s holdings in PayPal were worth $4,572,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. State Treasurer State of Michigan boosted its stake in PayPal by 0.3% in the 1st quarter. State Treasurer State of Michigan now owns 332,134 shares of the credit services provider’s stock worth $25,199,000 after purchasing an additional 1,000 shares in the last quarter. Ardevora Asset Management LLP boosted its stake in PayPal by 0.7% in the 1st quarter. Ardevora Asset Management LLP now owns 332,368 shares of the credit services provider’s stock worth $25,217,000 after purchasing an additional 2,368 shares in the last quarter. Adell Harriman & Carpenter Inc. acquired a new stake in PayPal in the 1st quarter worth approximately $510,000. Pittenger & Anderson Inc. boosted its stake in PayPal by 2.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 88,260 shares of the credit services provider’s stock worth $6,696,000 after purchasing an additional 2,175 shares in the last quarter. Finally, Lakeview Capital Partners LLC boosted its stake in PayPal by 26.5% in the 1st quarter. Lakeview Capital Partners LLC now owns 5,296 shares of the credit services provider’s stock worth $402,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 80.88% of the company’s stock.

In other PayPal news, COO William J. Ready sold 72,000 shares of PayPal stock in a transaction on Friday, April 27th. The shares were sold at an average price of $75.32, for a total transaction of $5,423,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Adele Louise Pentland sold 16,778 shares of PayPal stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $77.76, for a total transaction of $1,304,657.28. The disclosure for this sale can be found here. Insiders sold a total of 201,964 shares of company stock worth $15,385,614 in the last three months. 0.20% of the stock is owned by corporate insiders.

PayPal opened at $79.19 on Friday, MarketBeat reports. PayPal has a 1 year low of $77.32 and a 1 year high of $78.54. The firm has a market capitalization of $92.37 billion, a P/E ratio of 56.97, a P/E/G ratio of 2.57 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. equities analysts expect that PayPal will post 1.71 earnings per share for the current fiscal year.

A number of analysts recently commented on PYPL shares. Jefferies Group lifted their target price on shares of PayPal from $86.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. BTIG Research lowered shares of PayPal from a “buy” rating to a “neutral” rating in a research report on Thursday, February 1st. Stifel Nicolaus raised their price target on shares of PayPal from $77.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Morgan Stanley raised their price target on shares of PayPal from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, BMO Capital Markets raised their price target on shares of PayPal from $85.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.91.

PayPal Company 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.

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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