Cambridge Financial Group Inc. reduced its position in Paypal Holdings Inc (NASDAQ:PYPL) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 55,974 shares of the credit services provider’s stock after selling 623 shares during the period. Paypal accounts for about 3.6% of Cambridge Financial Group Inc.’s holdings, making the stock its 10th biggest holding. Cambridge Financial Group Inc.’s holdings in Paypal were worth $5,359,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC boosted its stake in Paypal by 7.1% in the first quarter. NewSquare Capital LLC now owns 1,067 shares of the credit services provider’s stock valued at $102,000 after acquiring an additional 71 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in Paypal by 3.0% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,885 shares of the credit services provider’s stock valued at $312,000 after acquiring an additional 84 shares during the period. Tradition Asset Management LLC boosted its stake in Paypal by 2.9% in the first quarter. Tradition Asset Management LLC now owns 2,995 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 85 shares during the period. HCR Wealth Advisors boosted its stake in Paypal by 2.8% in the fourth quarter. HCR Wealth Advisors now owns 3,298 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 90 shares during the period. Finally, Roundview Capital LLC boosted its stake in Paypal by 0.3% in the fourth quarter. Roundview Capital LLC now owns 26,775 shares of the credit services provider’s stock valued at $2,896,000 after acquiring an additional 90 shares during the period. 83.00% of the stock is owned by institutional investors and hedge funds.
Paypal stock traded up $2.64 during mid-day 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. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $151.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $174.01 billion, a P/E ratio of 95.48, a P/E/G ratio of 3.37 and a beta of 1.11. The stock’s fifty day moving average price is $120.99 and its two-hundred day moving average price is $111.79.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the previous year, the company posted $0.78 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts expect that Paypal Holdings Inc will post 2.4 earnings per share for the current year.
In other Paypal news, EVP Adele Louise Pentland sold 92,700 shares of Paypal stock in a transaction that occurred 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 directly owns 174,201 shares in the company, valued at approximately $18,749,253.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the transaction, the chief executive officer now owns 620,703 shares in the company, valued at $59,978,530.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,625 shares of company stock worth $28,513,730. Corporate insiders own 0.12% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on Paypal from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Monday, May 11th. DZ Bank cut Paypal from a “buy” rating to a “hold” rating and set a $121.00 price target on the stock. in a report on Tuesday, April 28th. Nomura Securities cut their price target on Paypal from $139.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $128.00 price target on shares of Paypal in a report on Thursday, January 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $172.00 price target (up previously from $130.00) on shares of Paypal in a report on Sunday, May 10th. Five analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $140.15.
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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