Ardevora Asset Management LLP Boosts Stake in PayPal (PYPL)

Ardevora Asset Management LLP grew its holdings in PayPal (NASDAQ:PYPL) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,368 shares of the credit services provider’s stock after purchasing an additional 2,368 shares during the period. Ardevora Asset Management LLP’s holdings in PayPal were worth $25,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI grew its stake in PayPal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares in the last quarter. Truewealth LLC purchased a new position in PayPal during the fourth quarter valued at approximately $106,000. Jacobi Capital Management LLC grew its stake in PayPal by 122.4% during the first quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 804 shares in the last quarter. Front Row Advisors LLC purchased a new position in PayPal during the fourth quarter valued at approximately $111,000. Finally, Risk Paradigm Group LLC grew its stake in PayPal by 282.5% during the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after acquiring an additional 1,130 shares in the last quarter. 80.88% of the stock is currently owned by institutional investors.

NASDAQ:PYPL opened at $79.19 on Friday. PayPal has a 52 week low of $77.32 and a 52 week high of $78.54. The firm has a market cap of $92.37 billion, a P/E ratio of 56.97, a PEG ratio of 2.57 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business posted $0.44 EPS. The firm’s revenue was up 23.9% compared to the same quarter last year. equities analysts anticipate that PayPal will post 1.71 earnings per share for the current fiscal year.

In other PayPal news, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $80.66, for a total value of $2,097,160.00. Following the completion of the transaction, the insider now directly owns 268,189 shares in the company, valued at approximately $21,632,124.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Ready sold 72,000 shares of the company’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $75.32, for a total transaction of $5,423,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 201,964 shares of company stock valued at $15,385,614 over the last quarter. 0.20% of the stock is currently owned by company insiders.

A number of equities analysts have commented on PYPL shares. Vetr raised shares of PayPal from a “hold” rating to a “buy” rating and set a $86.65 price target for the company in a research note on Thursday, February 1st. Citigroup reissued a “buy” rating and issued a $90.00 price target on shares of PayPal in a research note on Thursday, February 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $85.00 price target on shares of PayPal in a research note on Thursday, February 1st. Guggenheim reissued a “buy” rating on shares of PayPal in a research note on Thursday, February 1st. Finally, BMO Capital Markets boosted their price target on shares of PayPal from $85.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $80.91.

PayPal 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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