Exencial Wealth Advisors LLC Invests $450,000 in Paypal Holdings Inc (PYPL) Stock

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Exencial Wealth Advisors LLC acquired a new stake in Paypal Holdings Inc (NASDAQ:PYPL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,354 shares of the credit services provider’s stock, valued at approximately $450,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Security National Trust Co. lifted its holdings in shares of Paypal by 3.0% during the 3rd quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock valued at $2,228,000 after buying an additional 730 shares during the period. American Assets Investment Management LLC lifted its holdings in shares of Paypal by 16.4% during the 4th quarter. American Assets Investment Management LLC now owns 72,990 shares of the credit services provider’s stock valued at $6,138,000 after buying an additional 10,300 shares during the period. Concorde Asset Management LLC lifted its holdings in shares of Paypal by 3.1% during the 4th quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock valued at $339,000 after buying an additional 121 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Paypal by 8.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 733,302 shares of the credit services provider’s stock valued at $61,663,000 after buying an additional 58,546 shares during the period. Finally, Gardiner Nancy B lifted its holdings in shares of Paypal by 86.3% during the 4th quarter. Gardiner Nancy B now owns 6,585 shares of the credit services provider’s stock valued at $554,000 after buying an additional 3,050 shares during the period. 79.15% of the stock is currently owned by institutional investors and hedge funds.

PYPL has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and set a $115.00 price target (up from $110.00) on shares of Paypal in a report on Monday, January 7th. Oppenheimer increased their price target on Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. DZ Bank cut Paypal from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. CIBC restated an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Paypal in a research note on Thursday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price objective (up from $103.00) on shares of Paypal in a research note on Thursday, January 31st. Ten research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $97.81.

Shares of PYPL stock opened at $94.96 on Friday. Paypal Holdings Inc has a 52-week low of $70.22 and a 52-week high of $96.04. The firm has a market capitalization of $111.48 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Paypal’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that Paypal Holdings Inc will post 2.14 earnings per share for the current fiscal year.

In other news, CFO John D. Rainey sold 32,999 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $89.21, for a total transaction of $2,943,840.79. Following the completion of the transaction, the chief financial officer now owns 140,844 shares in the company, valued at $12,564,693.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Daniel H. Schulman sold 22,764 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $81.41, for a total value of $1,853,217.24. Following the transaction, the chief executive officer now owns 312,590 shares of the company’s stock, valued at approximately $25,447,951.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,702 shares of company stock valued at $15,658,922. Company insiders own 0.20% of the company’s stock.

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Paypal 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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