Park Avenue Securities LLC increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 19.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,761 shares of the credit services provider’s stock after buying an additional 1,088 shares during the period. Park Avenue Securities LLC’s holdings in Paypal were worth $714,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Paypal by 7,419.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after acquiring an additional 19,154,611 shares during the period. Norges Bank purchased a new stake in Paypal during the 4th quarter worth about $906,735,000. Lunia Capital LP increased its position in Paypal by 5,015.1% during the 4th quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock worth $4,153,000 after purchasing an additional 4,071,762 shares in the last quarter. Vanguard Group Inc increased its position in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its stake in shares of Paypal by 119.4% in the 4th quarter. DSM Capital Partners LLC now owns 3,419,751 shares of the credit services provider’s stock valued at $287,567,000 after purchasing an additional 1,861,400 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Several equities analysts recently commented on PYPL shares. BTIG Research boosted their price target on Paypal to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Paypal in a report on Thursday, February 21st. Buckingham Research downgraded Paypal from a “buy” rating to a “neutral” rating and set a $99.00 price target for the company. in a report on Monday, February 25th. They noted that the move was a valuation call. Nomura boosted their price target on Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research upgraded Paypal from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Ten analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $108.66.
PYPL traded up $0.45 during mid-day trading on Friday, reaching $116.17. The stock had a trading volume of 4,074,395 shares, compared to its average volume of 6,899,875. The firm has a market capitalization of $134.53 billion, a price-to-earnings ratio of 64.90, a PEG ratio of 2.86 and a beta of 1.02. Paypal Holdings Inc has a 52 week low of $74.66 and a 52 week high of $117.45.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.11. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the company earned $0.57 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that Paypal Holdings Inc will post 2.24 earnings per share for the current fiscal year.
In other Paypal news, EVP Adele Louise Pentland sold 11,520 shares of Paypal stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $109.07, for a total value of $1,256,486.40. Following the sale, the executive vice president now owns 63,408 shares of the company’s stock, valued at approximately $6,915,910.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $111.09, for a total value of $3,332,700.00. Following the completion of the sale, the insider now directly owns 523,821 shares in the company, valued at approximately $58,191,274.89. The disclosure for this sale can be found here. Insiders sold a total of 180,714 shares of company stock worth $19,911,348 over the last 90 days. 0.15% of the stock is owned by corporate insiders.
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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