Heritage Trust Co increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 11.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,990 shares of the credit services provider’s stock after acquiring an additional 302 shares during the period. Heritage Trust Co’s holdings in Paypal were worth $286,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Paypal by 1.5% during the 1st quarter. BlackRock Inc. now owns 75,224,392 shares of the credit services provider’s stock worth $7,201,983,000 after buying an additional 1,133,000 shares during the period. State Street Corp lifted 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 buying an additional 184,624 shares during the period. Capital World Investors lifted its holdings in Paypal by 18.4% during the 4th quarter. Capital World Investors now owns 21,277,408 shares of the credit services provider’s stock worth $2,301,577,000 after buying an additional 3,307,791 shares during the period. Geode Capital Management LLC lifted its holdings in Paypal by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 16,572,051 shares of the credit services provider’s stock worth $1,788,909,000 after buying an additional 124,105 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Paypal by 15.9% during the 4th quarter. Alliancebernstein L.P. now owns 11,905,007 shares of the credit services provider’s stock worth $1,287,765,000 after buying an additional 1,633,972 shares during the period. Institutional investors and hedge funds own 83.00% of the company’s stock.
Several brokerages have commented on PYPL. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $128.00 target price on shares of Paypal in a report on Thursday, January 30th. BMO Capital Markets downgraded Paypal from an “outperform” rating to a “market perform” rating and set a $156.00 price objective on the stock. in a research note on Thursday, May 14th. Barclays boosted their price objective on Paypal from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity boosted their price objective on Paypal from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $140.15.
In related news, EVP Adele Louise Pentland sold 92,700 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.63, for a total value of $9,977,301.00. Following the transaction, the executive vice president now owns 174,201 shares in the company, valued at $18,749,253.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction that occurred 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 owns 569,603 shares in the company, valued at approximately $82,108,272.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,625 shares of company stock valued at $28,513,730. 0.12% of the stock is currently owned by corporate insiders.
Shares of PYPL stock traded up $2.64 during trading on Friday, hitting $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 company has a market cap of $174.01 billion, a PE ratio of 95.48, a P/E/G ratio of 3.37 and a beta of 1.11. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $120.99 and a 200-day moving average of $111.79. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $151.08.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The company 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%. Paypal’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, research analysts predict that Paypal Holdings Inc will post 2.4 EPS for the current year.
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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