Motley Fool Asset Management LLC Boosts Position in PayPal Holdings, Inc. $PYPL

Motley Fool Asset Management LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 50,910 shares of the credit services provider’s stock after buying an additional 4,895 shares during the period. Motley Fool Asset Management LLC’s holdings in PayPal were worth $3,784,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PYPL. Evermay Wealth Management LLC raised its holdings in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares during the period. Hilltop National Bank purchased a new position in PayPal in the second quarter valued at approximately $27,000. Gordian Capital Singapore Pte Ltd raised its stake in shares of PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of PayPal by 41.7% during the first quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock valued at $42,000 after purchasing an additional 196 shares during the period. Finally, American National Bank & Trust raised its stake in shares of PayPal by 52.5% during the second quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein dropped their price objective on shares of PayPal from $85.00 to $76.00 in a research note on Tuesday, October 21st. Citigroup upgraded shares of PayPal to a “hold” rating in a research note on Thursday, October 23rd. Barclays reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. Finally, Morgan Stanley reiterated a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $82.46.

PayPal Stock Up 0.7%

PYPL stock opened at $70.25 on Tuesday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $67.12 billion, a P/E ratio of 15.01, a PEG ratio of 1.08 and a beta of 1.44. The firm has a 50 day simple moving average of $68.95 and a 200-day simple moving average of $69.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter last year, the company earned $1.19 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the transaction, the insider owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,102 shares of company stock valued at $1,046,607 over the last 90 days. 0.08% of the stock is owned by company insiders.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.