Canton Hathaway LLC Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canton Hathaway LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,465 shares of the credit services provider’s stock after buying an additional 465 shares during the quarter. Canton Hathaway LLC’s holdings in PayPal were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Pacific Wealth Strategies Group Inc. increased its stake in PayPal by 0.7% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 11,846 shares of the credit services provider’s stock worth $3,082,000 after acquiring an additional 79 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in PayPal by 7.3% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,778 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 257 shares during the last quarter. Stock Yards Bank & Trust Co. increased its stake in PayPal by 0.9% during the third quarter. Stock Yards Bank & Trust Co. now owns 93,523 shares of the credit services provider’s stock worth $24,335,000 after acquiring an additional 823 shares during the last quarter. Winthrop Advisory Group LLC increased its stake in PayPal by 14.8% during the third quarter. Winthrop Advisory Group LLC now owns 1,468 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 189 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC increased its stake in PayPal by 19.2% during the third quarter. WESPAC Advisors SoCal LLC now owns 11,403 shares of the credit services provider’s stock worth $2,966,000 after acquiring an additional 1,833 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

Shares of PayPal stock traded up $0.66 on Thursday, reaching $188.71. 13,344,071 shares of the company were exchanged, compared to its average volume of 8,978,702. The stock has a fifty day moving average price of $242.41 and a 200-day moving average price of $265.40. The firm has a market capitalization of $221.72 billion, a price-to-earnings ratio of 45.36, a price-to-earnings-growth ratio of 3.01 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. PayPal Holdings, Inc. has a fifty-two week low of $184.27 and a fifty-two week high of $310.16.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Monday, November 8th. The credit services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. PayPal had a return on equity of 19.75% and a net margin of 20.09%. The business had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. PayPal’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 3.46 earnings per share for the current fiscal year.

In other PayPal news, EVP Jonathan Auerbach sold 12,314 shares of the business’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $187.32, for a total value of $2,306,658.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel H. Schulman sold 10,000 shares of the business’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $234.53, for a total value of $2,345,300.00. The disclosure for this sale can be found here. Insiders have sold 34,114 shares of company stock worth $7,102,758 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

PYPL has been the subject of a number of recent research reports. Citigroup lowered their target price on PayPal from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, November 9th. Bank of America reiterated a “buy” rating on shares of PayPal in a research note on Monday, August 30th. TheStreet lowered PayPal from a “b” rating to a “c+” rating in a research note on Monday. Susquehanna Bancshares lowered their target price on PayPal from $360.00 to $310.00 and set a “positive” rating for the company in a research note on Tuesday, November 9th. Finally, UBS Group restated a “buy” rating and set a $263.00 price objective on shares of PayPal in a research note on Thursday, November 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Buy” and an average target price of $283.13.

PayPal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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