Baltimore Washington Financial Advisors Inc. Has $9.24 Million Stake in Paypal Holdings Inc (NASDAQ:PYPL)

Baltimore Washington Financial Advisors Inc. decreased its position in Paypal Holdings Inc (NASDAQ:PYPL) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 89,237 shares of the credit services provider’s stock after selling 2,055 shares during the period. Paypal makes up 1.5% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 26th biggest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Paypal were worth $9,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mission Wealth Management LP raised its position in Paypal by 13.0% during the third quarter. Mission Wealth Management LP now owns 2,228 shares of the credit services provider’s stock valued at $231,000 after purchasing an additional 257 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Paypal by 6.1% in the third quarter. Advisor Partners LLC now owns 35,580 shares of the credit services provider’s stock valued at $3,686,000 after acquiring an additional 2,054 shares during the period. Strategic Blueprint LLC raised its stake in shares of Paypal by 147.8% in the third quarter. Strategic Blueprint LLC now owns 28,816 shares of the credit services provider’s stock valued at $2,985,000 after acquiring an additional 17,189 shares during the period. Biltmore Family Office LLC raised its stake in shares of Paypal by 91.6% in the third quarter. Biltmore Family Office LLC now owns 24,371 shares of the credit services provider’s stock valued at $2,525,000 after acquiring an additional 11,650 shares during the period. Finally, Navellier & Associates Inc raised its stake in shares of Paypal by 1.5% in the third quarter. Navellier & Associates Inc now owns 75,496 shares of the credit services provider’s stock valued at $7,821,000 after acquiring an additional 1,135 shares during the period. 80.58% of the stock is currently owned by hedge funds and other institutional investors.

PYPL has been the topic of several recent analyst reports. Citigroup increased their target price on shares of Paypal from $124.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Jefferies Financial Group raised their price target on shares of Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. KeyCorp raised their price target on shares of Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Bank of America reaffirmed a “buy” rating and issued a $127.00 price target (down previously from $131.00) on shares of Paypal in a research note on Friday, September 13th. Finally, Wells Fargo & Co raised their price target on shares of Paypal from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $122.17.

Shares of NASDAQ:PYPL traded up $0.10 during trading on Thursday, reaching $103.19. The stock had a trading volume of 1,532,077 shares, compared to its average volume of 5,783,718. Paypal Holdings Inc has a one year low of $75.47 and a one year high of $121.48. The company has a market capitalization of $119.73 billion, a P/E ratio of 57.65, a PEG ratio of 2.31 and a beta of 0.96. The firm’s 50-day simple moving average is $104.80 and its 200 day simple moving average is $109.72.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business earned $0.58 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Paypal Holdings Inc will post 2.4 earnings per share for the current year.

In related news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.96, for a total value of $3,358,800.00. Following the completion of the sale, the insider now directly owns 487,074 shares in the company, valued at approximately $54,532,805.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 2,024 shares of Paypal stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the completion of the sale, the executive vice president now owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The disclosure for this sale can be found here. Insiders sold a total of 132,417 shares of company stock worth $14,511,700 over the last 90 days. Company insiders own 0.15% of the company’s stock.

About Paypal

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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