CLARET ASSET MANAGEMENT Corp lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,064 shares of the credit services provider’s stock after selling 654 shares during the period. PayPal accounts for about 1.9% of CLARET ASSET MANAGEMENT Corp’s portfolio, making the stock its 19th biggest position. CLARET ASSET MANAGEMENT Corp’s holdings in PayPal were worth $9,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of PYPL. Gleason Group Inc. bought a new position in PayPal during the 1st quarter worth $25,000. JFS Wealth Advisors LLC increased its stake in shares of PayPal by 646.7% in 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 during the last quarter. Charter Oak Capital Management LLC bought a new position in shares of PayPal in the 4th quarter valued at $26,000. RWM Asset Management LLC bought a new position in shares of PayPal in the 4th quarter valued at $27,000. Finally, Vantage Consulting Group Inc bought a new position in shares of PayPal in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
Several equities research analysts recently weighed in on PYPL shares. Macquarie raised their price objective on PayPal from $262.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Redburn Partners started coverage on PayPal in a report on Thursday, March 18th. They set a “buy” rating on the stock. 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 report on Friday, January 22nd. Piper Sandler raised their price objective on PayPal from $255.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, February 4th. Finally, Citigroup lifted their target price on PayPal from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Five research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $284.80.
PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, May 5th. The credit services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.21. PayPal had a return on equity of 18.31% and a net margin of 15.48%. During the same quarter in the prior year, the company earned $0.66 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 2.8 earnings per share for the current fiscal year.
In related news, CAO Jeffrey William Karbowski sold 1,800 shares of the stock in a transaction on Friday, May 7th. The stock was sold at an average price of $255.70, for a total value of $460,260.00. Following the transaction, the chief accounting officer now owns 7,936 shares of the company’s stock, valued at $2,029,235.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peggy Alford sold 4,000 shares of the stock in a transaction on Friday, April 16th. The shares were 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 approximately $5,200,608.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 256,998 shares of company stock worth $68,128,083. Insiders own 0.12% of the company’s stock.
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.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.