JustInvest LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 105.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,826 shares of the credit services provider’s stock after purchasing an additional 13,264 shares during the quarter. PayPal makes up about 0.9% of JustInvest LLC’s holdings, making the stock its 10th largest position. JustInvest LLC’s holdings in PayPal were worth $6,272,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in PYPL. Murphy Capital Management Inc. boosted its holdings in PayPal by 181.4% in the 1st quarter. Murphy Capital Management Inc. now owns 5,242 shares of the credit services provider’s stock worth $1,272,000 after buying an additional 3,379 shares during the period. Calamos Advisors LLC lifted its holdings in PayPal by 0.9% during the 1st quarter. Calamos Advisors LLC now owns 351,894 shares of the credit services provider’s stock worth $85,454,000 after purchasing an additional 3,199 shares in the last quarter. NorthCoast Asset Management LLC grew its holdings in PayPal by 144.4% during the 4th quarter. NorthCoast Asset Management LLC now owns 6,759 shares of the credit services provider’s stock valued at $1,583,000 after buying an additional 3,994 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of PayPal by 13.2% during the fourth quarter. Teacher Retirement System of Texas now owns 290,163 shares of the credit services provider’s stock valued at $67,956,000 after buying an additional 33,838 shares during the period. Finally, Rational Advisors LLC lifted its holdings in shares of PayPal by 302.4% in the fourth quarter. Rational Advisors LLC now owns 5,545 shares of the credit services provider’s stock worth $1,299,000 after buying an additional 4,167 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.
PYPL has been the subject of a number of recent analyst reports. Rosenblatt Securities boosted their price target on shares of PayPal from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, April 26th. Macquarie upped their price objective on shares of PayPal from $262.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 4th. Susquehanna Bancshares raised their target price on shares of PayPal from $300.00 to $330.00 and gave the company a “positive” rating in a research note on Friday, February 12th. Zacks Investment Research lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $241.00 price target on the stock. in a report on Thursday, January 28th. Finally, Canaccord Genuity lifted their price objective on shares of PayPal from $306.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Six analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $279.00.
In other PayPal news, EVP Mark Britto sold 1,152 shares of the stock in a transaction dated Friday, February 5th. The stock was sold at an average price of $269.11, for a total value of $310,014.72. Following the transaction, the executive vice president now owns 81,961 shares of the company’s stock, valued at $22,056,524.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peggy Alford sold 4,000 shares of the firm’s stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $270.33, for a total value 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 disclosure for this sale can be found here. Insiders have sold 266,350 shares of company stock valued at $70,655,438 over the last three months. 0.12% of the stock is owned by corporate insiders.
NASDAQ PYPL traded down $11.13 during mid-day trading on Tuesday, reaching $247.96. The stock had a trading volume of 366,350 shares, compared to its average volume of 8,843,430. The company has a fifty day moving average price of $255.84 and a 200 day moving average price of $237.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.38 and a quick ratio of 1.38. PayPal Holdings, Inc. has a 1 year low of $120.31 and a 1 year high of $309.14. The stock has a market cap of $291.17 billion, a PE ratio of 97.77, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12.
PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. PayPal had a return on equity of 18.31% and a net margin of 15.48%. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.09 billion. The company’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 2.8 earnings per share for the current 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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