Coastline Trust Co raised its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 24.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,665 shares of the credit services provider’s stock after purchasing an additional 730 shares during the period. Coastline Trust Co’s holdings in Paypal were worth $322,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Archford Capital Strategies LLC lifted its position in Paypal by 92.6% during the second 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 during the period. Landaas & Co. WI ADV purchased a new position in Paypal during the second quarter valued at $135,000. Adviser Investments LLC lifted its position in Paypal by 165.3% during the second 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 during the period. ELM Advisors LLC purchased a new position in Paypal during the third quarter valued at $149,000. Finally, Itau Unibanco Holding S.A. lifted its position in Paypal by 50.8% during the second 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 during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

PYPL has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on Paypal from $88.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. BTIG Research raised Paypal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $81.00 to $95.00 in a research report on Friday. SunTrust Banks lowered their price target on Paypal to $88.00 and set a “hold” rating for the company in a research report on Friday. Stifel Nicolaus lifted their price target on Paypal to $108.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Paypal in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.65.

In other Paypal news, COO William J. Ready sold 38,878 shares of the business’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $3,429,817.16. Following the completion of the sale, the chief operating officer now directly owns 119,215 shares in the company, valued at approximately $10,517,147.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John D. Rainey sold 5,462 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $481,857.64. Following the sale, the chief financial officer now owns 113,307 shares of the company’s stock, valued at $9,995,943.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,732 shares of company stock valued at $13,204,157. Corporate insiders own 0.20% of the company’s stock.

Paypal stock opened at $84.78 on Friday. The stock has a market cap of $94.80 billion, a price-to-earnings ratio of 60.99, a PEG ratio of 2.60 and a beta of 1.31. Paypal Holdings Inc has a 52-week low of $68.61 and a 52-week high of $93.70.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities research analysts anticipate that Paypal Holdings Inc will post 1.74 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.

Further Reading: Diversification in Your Portfolio

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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