Joel Isaacson & Co. LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Joel Isaacson & Co. LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 165.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,993 shares of the credit services provider’s stock after buying an additional 4,979 shares during the period. Joel Isaacson & Co. LLC’s holdings in PayPal were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its holdings in PayPal by 29.4% during the 2nd quarter. HB Wealth Management LLC now owns 9,539 shares of the credit services provider’s stock worth $666,000 after acquiring an additional 2,169 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in PayPal by 134.0% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 175,052 shares of the credit services provider’s stock worth $12,226,000 after acquiring an additional 100,240 shares in the last quarter. Ritholtz Wealth Management grew its holdings in PayPal by 28.3% during the 2nd quarter. Ritholtz Wealth Management now owns 7,598 shares of the credit services provider’s stock worth $531,000 after acquiring an additional 1,674 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in PayPal by 152.7% during the 2nd quarter. Miracle Mile Advisors LLC now owns 88,909 shares of the credit services provider’s stock worth $6,209,000 after acquiring an additional 53,719 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in PayPal by 182.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,391 shares of the credit services provider’s stock worth $99,000 after acquiring an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Peggy Alford sold 21,791 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the transaction, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

PayPal Trading Down 1.2 %

Shares of NASDAQ:PYPL traded down $1.04 during mid-day trading on Friday, reaching $86.62. The stock had a trading volume of 332,882 shares, compared to its average volume of 11,510,406. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. The firm has a market cap of $100.17 billion, a PE ratio of 49.97, a price-to-earnings-growth ratio of 1.95 and a beta of 1.45. The firm has a 50 day simple moving average of $91.86 and a two-hundred day simple moving average of $90.61. PayPal Holdings, Inc. has a twelve month low of $67.58 and a twelve month high of $279.95.

PayPal (NASDAQ:PYPLGet Rating) last announced its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. On average, research analysts predict that PayPal Holdings, Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $94.00 to $114.00 in a report on Wednesday, August 31st. KeyCorp boosted their price target on shares of PayPal from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. Redburn Partners downgraded shares of PayPal from a “buy” rating to a “neutral” rating in a report on Friday, July 8th. Barclays dropped their target price on shares of PayPal from $131.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, September 12th. Finally, Wolfe Research downgraded shares of PayPal from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.23.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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