Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by Cigna Investments Inc. New

Cigna Investments Inc. New grew its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,050 shares of the credit services provider’s stock after purchasing an additional 2,000 shares during the period. Cigna Investments Inc. New’s holdings in Paypal were worth $3,164,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. RMB Capital Management LLC boosted its stake in shares of Paypal by 1.9% during the 1st quarter. RMB Capital Management LLC now owns 26,504 shares of the credit services provider’s stock worth $2,537,000 after purchasing an additional 482 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Paypal by 1.8% during the 1st quarter. Blair William & Co. IL now owns 2,339,298 shares of the credit services provider’s stock worth $223,964,000 after purchasing an additional 40,720 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Paypal by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,833 shares of the credit services provider’s stock worth $846,000 after purchasing an additional 524 shares during the last quarter. MainStreet Investment Advisors LLC boosted its stake in shares of Paypal by 12.8% during the 1st quarter. MainStreet Investment Advisors LLC now owns 67,051 shares of the credit services provider’s stock worth $6,419,000 after purchasing an additional 7,618 shares during the last quarter. Finally, Heritage Trust Co boosted its stake in shares of Paypal by 11.2% during the 1st quarter. Heritage Trust Co now owns 2,990 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 302 shares during the last quarter. 83.00% of the stock is currently owned by institutional investors.

PYPL has been the topic of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $128.00 target price on shares of Paypal in a research report on Thursday, January 30th. Nomura Securities decreased their target price on shares of Paypal from $139.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets cut shares of Paypal from an “outperform” rating to a “market perform” rating and set a $156.00 target price on the stock. in a research report on Thursday, May 14th. Keefe, Bruyette & Woods raised their target price on shares of Paypal from $120.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup lifted their price target on shares of Paypal from $131.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $140.15.

Shares of NASDAQ:PYPL traded up $2.64 during midday trading on Friday, reaching $150.86. The company had a trading volume of 5,620,322 shares, compared to its average volume of 10,391,105. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s fifty day moving average price is $120.99 and its 200-day moving average price is $111.79. The stock 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 Holdings Inc has a one year low of $82.07 and a one year high of $151.08.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.72 billion. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, sell-side analysts forecast that Paypal Holdings Inc will post 2.4 earnings per share for the current year.

In other Paypal news, CFO John D. Rainey sold 87,925 shares of Paypal stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.48, for a total value of $9,450,179.00. Following the completion of the transaction, the chief financial officer now owns 229,139 shares of the company’s stock, valued at $24,627,859.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adele Louise Pentland sold 92,700 shares of Paypal stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $107.63, for a total transaction of $9,977,301.00. Following the completion of the transaction, the executive vice president now directly owns 174,201 shares of the company’s stock, valued at approximately $18,749,253.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,625 shares of company stock valued at $28,513,730. 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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