Zweig DiMenna Associates LLC Acquires New Stake in Paypal Holdings Inc (PYPL)

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Zweig DiMenna Associates LLC acquired a new stake in Paypal Holdings Inc (NASDAQ:PYPL) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 130,717 shares of the credit services provider’s stock, valued at approximately $11,482,000.

Other large investors have also recently made changes to their positions in the company. Archford Capital Strategies LLC boosted its holdings in shares of 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 buying an additional 625 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in shares of Paypal in the 2nd quarter valued at $135,000. Adviser Investments LLC boosted its holdings in shares of 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 buying an additional 1,030 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Paypal by 50.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after buying an additional 580 shares in the last quarter. Finally, ELM Advisors LLC acquired a new position in shares of Paypal in the 3rd quarter valued at $149,000. 79.59% of the stock is currently owned by institutional investors.

In other news, VP Aaron Anderson sold 17,062 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $1,505,209.64. Following the completion of the sale, the vice president now owns 9,921 shares in the company, valued at approximately $875,230.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $89.57, for a total transaction of $2,328,820.00. Following the completion of the sale, the insider now owns 331,506 shares of the company’s stock, valued at approximately $29,692,992.42. The disclosure for this sale can be found here. Insiders sold a total of 149,732 shares of company stock valued at $13,204,157 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Several research analysts have recently issued reports on PYPL shares. Credit Suisse Group upped their target price on shares of Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a report on Thursday, July 19th. Morgan Stanley upped their target price on shares of Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a report on Thursday, July 19th. SunTrust Banks upped their target price on shares of Paypal to $92.00 and gave the company a “$88.22” rating in a report on Wednesday, July 18th. Stephens restated a “buy” rating and issued a $91.00 target price on shares of Paypal in a report on Friday, July 13th. Finally, Jefferies Financial Group started coverage on shares of Paypal in a report on Tuesday, July 10th. They issued a “buy” rating and a $98.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $91.89.

Shares of PYPL stock traded down $1.06 during mid-day trading on Monday, hitting $77.97. The stock had a trading volume of 383,598 shares, compared to its average volume of 8,617,697. Paypal Holdings Inc has a fifty-two week low of $66.16 and a fifty-two week high of $93.70. The stock has a market capitalization of $103.97 billion, a PE ratio of 56.09, a price-to-earnings-growth ratio of 2.86 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business earned $0.46 EPS. The business’s revenue was up 23.0% on a year-over-year basis. Equities research analysts forecast that Paypal Holdings Inc will post 1.73 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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