Beaton Management Co. Inc. grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,175 shares of the credit services provider’s stock after buying an additional 75 shares during the period. Beaton Management Co. Inc.’s holdings in PayPal were worth $429,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Adams Wealth Management bought a new stake in shares of PayPal during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton bought a new stake in shares of PayPal during the 2nd quarter valued at $26,000. Lloyd Advisory Services LLC. bought a new stake in shares of PayPal during the 2nd quarter valued at $35,000. Moser Wealth Advisors LLC raised its stake in shares of PayPal by 400.0% during the 3rd quarter. Moser Wealth Advisors LLC now owns 250 shares of the credit services provider’s stock valued at $49,000 after purchasing an additional 200 shares during the period. Finally, Altshuler Shaham Ltd raised its stake in shares of PayPal by 628.2% during the 3rd quarter. Altshuler Shaham Ltd now owns 284 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 245 shares during the period. 83.43% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:PYPL traded down $0.96 during trading hours on Monday, hitting $210.43. The stock had a trading volume of 76,997 shares, compared to its average volume of 8,964,030. The company has a 50 day simple moving average of $197.09 and a two-hundred day simple moving average of $182.11. The firm has a market capitalization of $247.68 billion, a price-to-earnings ratio of 97.90, a P/E/G ratio of 3.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.38. PayPal Holdings, Inc. has a one year low of $82.07 and a one year high of $216.07.
PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Monday, November 2nd. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.13. PayPal had a return on equity of 16.17% and a net margin of 13.44%. The company had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 24.7% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 2.76 earnings per share for the current year.
A number of research firms recently issued reports on PYPL. Mizuho decreased their price objective on PayPal from $290.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 10th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Thursday, November 5th. Credit Suisse Group upped their target price on PayPal from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. Loop Capital started coverage on PayPal in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $201.00 target price on the stock. Finally, Royal Bank of Canada restated a “buy” rating on shares of PayPal in a report on Wednesday, September 23rd. Five research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. PayPal has a consensus rating of “Buy” and a consensus price target of $205.05.
In other news, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $183.82, for a total value of $4,595,500.00. Following the completion of the sale, the chief executive officer now owns 469,603 shares in the company, valued at approximately $86,322,423.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Britto sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $202.27, for a total transaction of $1,820,430.00. Following the completion of the sale, the executive vice president now directly owns 90,650 shares of the company’s stock, valued at approximately $18,335,775.50. The disclosure for this sale can be found here. Insiders have sold a total of 87,109 shares of company stock worth $16,731,339 over the last 90 days. 0.12% of the stock is currently owned by company insiders.
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 and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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