Verde Servicos Internacionais S.A. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 128,726 shares of the credit services provider’s stock, valued at approximately $31,259,000. PayPal accounts for approximately 5.0% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 9th biggest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Gleason Group Inc. bought a new position in PayPal in the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC lifted its holdings in shares of PayPal by 646.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 112 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Charter Oak Capital Management LLC acquired a new position in shares of PayPal in the 4th quarter valued at approximately $26,000. RWM Asset Management LLC bought a new stake in PayPal during the 4th quarter worth approximately $27,000. Finally, Vantage Consulting Group Inc acquired a new stake in PayPal during the 4th quarter worth approximately $29,000. 82.29% of the stock is owned by institutional investors and hedge funds.
PYPL has been the subject of several research reports. Bank of America reissued a “buy” rating and set a $282.00 price objective (up previously from $235.00) on shares of PayPal in a research report on Friday, January 22nd. Jefferies Financial Group lifted their price target on PayPal from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Mizuho upped their price objective on PayPal from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. Oddo Bhf assumed coverage on PayPal in a research report on Wednesday, April 7th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein assumed coverage on PayPal in a research report on Wednesday, January 27th. They set an “outperform” rating and a $297.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $278.25.
In other news, EVP Peggy Alford sold 4,000 shares of the company’s stock in a transaction on Friday, April 16th. The shares were sold at an average price of $270.33, for a total transaction of $1,081,320.00. Following the completion of the transaction, the executive vice president now directly owns 19,238 shares in the company, valued at $5,200,608.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adele Louise Pentland sold 75,269 shares of the stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $261.21, for a total value of $19,661,015.49. Following the completion of the transaction, the executive vice president now owns 127,496 shares of the company’s stock, valued at $33,303,230.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 247,350 shares of company stock worth $65,644,738. 0.12% of the stock is currently owned by corporate insiders.
PYPL stock traded down $4.13 during mid-day trading on Friday, hitting $269.87. The stock had a trading volume of 6,030,699 shares, compared to its average volume of 9,360,453. The firm has a fifty day simple moving average of $250.21 and a 200 day simple moving average of $231.84. The firm has a market capitalization of $316.07 billion, a P/E ratio of 101.84, a P/E/G ratio of 3.53 and a beta of 1.12. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $106.57 and a 52 week high of $309.14.
PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.08. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 2.8 earnings per share for the current fiscal 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, Hyperwallet, 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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