IHT Wealth Management LLC lifted its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,420 shares of the credit services provider’s stock after acquiring an additional 273 shares during the period. IHT Wealth Management LLC’s holdings in Paypal were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Paypal by 7.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 919,099 shares of the credit services provider’s stock worth $87,994,000 after buying an additional 60,775 shares in the last quarter. M Holdings Securities Inc. bought a new stake in shares of Paypal in the first quarter worth approximately $1,776,000. US Bancorp DE grew its stake in shares of Paypal by 16.3% in the first quarter. US Bancorp DE now owns 712,815 shares of the credit services provider’s stock worth $68,245,000 after acquiring an additional 99,808 shares during the period. Elmwood Wealth Management Inc. raised its holdings in shares of Paypal by 0.9% during the first quarter. Elmwood Wealth Management Inc. now owns 8,800 shares of the credit services provider’s stock valued at $668,000 after purchasing an additional 82 shares during the last quarter. Finally, Sontag Advisory LLC lifted its position in Paypal by 201.5% during the first quarter. Sontag Advisory LLC now owns 21,754 shares of the credit services provider’s stock valued at $2,083,000 after purchasing an additional 14,538 shares during the period. Institutional investors own 82.84% of the company’s stock.
Shares of NASDAQ:PYPL traded down $1.68 during midday trading on Wednesday, reaching $155.81. 1,619,311 shares of the company were exchanged, compared to its average volume of 10,096,642. The stock has a market cap of $181.42 billion, a PE ratio of 98.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.18. The business’s fifty day moving average is $132.55 and its two-hundred day moving average is $114.49. Paypal Holdings Inc has a one year low of $82.07 and a one year high of $157.60. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.72 billion. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, sell-side analysts expect that Paypal Holdings Inc will post 2.4 EPS for the current year.
PYPL has been the subject of a number of research reports. Citigroup boosted their target price on shares of Paypal from $131.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wells Fargo & Co upped their price objective on Paypal from $120.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and issued a $171.00 target price (up from $147.00) on shares of Paypal in a research report on Tuesday, May 26th. Canaccord Genuity boosted their price target on Paypal from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley increased their price objective on shares of Paypal from $124.00 to $131.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Paypal currently has an average rating of “Buy” and a consensus target price of $143.76.
In related news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $144.15, for a total transaction 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 $82,108,272.45. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 75,000 shares of company stock worth $9,086,250 over the last quarter. 0.12% of the stock is owned by company insiders.
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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