Gyroscope Capital Management Group LLC Has $756,000 Stock Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Gyroscope Capital Management Group LLC lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,482 shares of the credit services provider’s stock after purchasing an additional 145 shares during the period. Gyroscope Capital Management Group LLC’s holdings in Paypal were worth $756,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Buckingham Capital Management Inc. increased its stake in shares of Paypal by 0.9% during the 1st quarter. Buckingham Capital Management Inc. now owns 54,185 shares of the credit services provider’s stock worth $5,627,000 after purchasing an additional 498 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in Paypal by 1.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 5,865 shares of the credit services provider’s stock valued at $609,000 after buying an additional 110 shares during the last quarter. Berman Capital Advisors LLC grew its stake in Paypal by 17.9% in the 1st quarter. Berman Capital Advisors LLC now owns 4,328 shares of the credit services provider’s stock valued at $448,000 after buying an additional 657 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in Paypal by 28.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 133,375 shares of the credit services provider’s stock valued at $13,850,000 after buying an additional 29,619 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA grew its stake in Paypal by 9.5% in the 1st quarter. Marshall & Sullivan Inc. WA now owns 25,130 shares of the credit services provider’s stock valued at $2,609,000 after buying an additional 2,178 shares during the last quarter. Institutional investors own 80.53% of the company’s stock.

A number of brokerages recently commented on PYPL. ValuEngine lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Canaccord Genuity upgraded shares of Paypal from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $118.00 in a research report on Thursday, September 12th. KeyCorp increased their target price on shares of Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley set a $129.00 target price on shares of Paypal and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Deutsche Bank increased their target price on shares of Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, July 16th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $122.17.

NASDAQ:PYPL traded up $1.99 on Friday, hitting $102.53. The company had a trading volume of 297,900 shares, compared to its average volume of 6,483,264. The stock has a market capitalization of $116.88 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 2.24 and a beta of 0.96. The firm has a 50 day moving average of $105.41 and a two-hundred day moving average of $109.72. Paypal Holdings Inc has a 52 week low of $74.66 and a 52 week high of $121.48.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, equities analysts expect that Paypal Holdings Inc will post 2.41 earnings per share for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the transaction, the chief executive officer now owns 487,074 shares of the company’s stock, valued at approximately $52,160,754.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $106.07, for a total transaction of $214,685.68. Following the completion of the transaction, the executive vice president now directly owns 118,844 shares of the company’s stock, valued at approximately $12,605,783.08. The disclosure for this sale can be found here. In the last three months, insiders sold 132,417 shares of company stock valued at $14,511,700. 0.15% of the stock is owned by insiders.

Paypal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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