Burns J W & Co. Inc. NY grew its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,775 shares of the credit services provider’s stock after purchasing an additional 3,440 shares during the period. Burns J W & Co. Inc. NY’s holdings in Paypal were worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Truehand Inc acquired a new position in Paypal during the 4th quarter worth about $25,000. Bruderman Asset Management LLC acquired a new position in Paypal during the 4th quarter worth about $27,000. Karp Capital Management Corp acquired a new position in Paypal during the 4th quarter worth about $37,000. Virtus ETF Advisers LLC lifted its stake in Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 113 shares in the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in Paypal during the 4th quarter worth about $39,000. 81.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Aaron Karczmer sold 6,813 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.25, for a total value of $669,377.25. Following the transaction, the executive vice president now owns 57,859 shares in the company, valued at approximately $5,684,646.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $91.49, for a total value of $2,744,700.00. Following the completion of the transaction, the insider now owns 304,826 shares in the company, valued at approximately $27,888,530.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 280,295 shares of company stock worth $26,469,952. Company insiders own 0.20% of the company’s stock.

Several equities analysts recently issued reports on PYPL shares. Craig Hallum reissued a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Paypal in a research note on Thursday, January 31st. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. BTIG Research increased their target price on Paypal to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Nomura increased their target price on Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Bank of America reissued a “buy” rating and set a $116.00 target price (up previously from $102.00) on shares of Paypal in a research note on Friday, March 15th. Nine research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Paypal currently has an average rating of “Buy” and a consensus target price of $99.69.

PYPL opened at $106.93 on Wednesday. Paypal Holdings Inc has a one year low of $70.22 and a one year high of $107.51. The stock has a market capitalization of $124.04 billion, a PE ratio of 59.74, a price-to-earnings-growth ratio of 2.75 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that Paypal Holdings Inc will post 2.15 earnings per share for the current year.

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Paypal Company 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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