Argent Trust Co raised its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,633 shares of the credit services provider’s stock after buying an additional 808 shares during the period. Argent Trust Co’s holdings in Paypal were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Paypal by 1.5% in the 1st quarter. BlackRock Inc. now owns 75,224,392 shares of the credit services provider’s stock worth $7,201,983,000 after acquiring an additional 1,133,000 shares during the last quarter. State Street Corp increased its holdings in Paypal by 0.4% during the 4th quarter. State Street Corp now owns 46,327,303 shares of the credit services provider’s stock worth $5,011,224,000 after purchasing an additional 184,624 shares in the last quarter. Capital World Investors raised its stake in shares of Paypal by 18.4% in the fourth quarter. Capital World Investors now owns 21,277,408 shares of the credit services provider’s stock worth $2,301,577,000 after purchasing an additional 3,307,791 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Paypal by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 16,572,051 shares of the credit services provider’s stock worth $1,788,909,000 after purchasing an additional 124,105 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Paypal by 15.9% in the fourth quarter. Alliancebernstein L.P. now owns 11,905,007 shares of the credit services provider’s stock valued at $1,287,765,000 after purchasing an additional 1,633,972 shares in the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.
Several brokerages have weighed in on PYPL. Nomura Securities dropped their price objective on Paypal from $139.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Credit Suisse Group raised their price target on shares of Paypal from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Guggenheim upgraded shares of Paypal from a “neutral” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday, January 31st. Raymond James increased their price objective on shares of Paypal from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Co lifted their target price on shares of Paypal from $120.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $140.15.
Paypal stock traded up $2.64 during mid-day trading on Friday, reaching $150.86. The company’s stock had a trading volume of 5,620,322 shares, compared to its average volume of 10,391,105. The firm’s fifty day moving average price is $120.99 and its two-hundred day moving average price is $111.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.39 and a current ratio of 1.39. Paypal Holdings Inc has a 12-month low of $82.07 and a 12-month high of $151.08. The company has a market capitalization of $174.01 billion, a P/E ratio of 95.48, a PEG ratio of 3.37 and a beta of 1.11.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. The firm had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.72 billion. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. On average, research analysts predict that Paypal Holdings Inc will post 2.4 EPS for the current fiscal year.
In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $144.15, for a total value of $3,603,750.00. Following the completion of the transaction, the chief executive officer now directly owns 569,603 shares of the company’s stock, valued at approximately $82,108,272.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Adele Louise Pentland sold 92,700 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.63, for a total transaction of $9,977,301.00. Following the transaction, the executive vice president now owns 174,201 shares of the company’s stock, valued at $18,749,253.63. The disclosure for this sale can be found here. Insiders have sold a total of 255,625 shares of company stock valued at $28,513,730 in the last ninety days. Insiders own 0.12% of the company’s stock.
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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