Linden Thomas Advisory Services LLC Increases Stake in PayPal Holdings, Inc. $PYPL

Linden Thomas Advisory Services LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,800 shares of the credit services provider’s stock after buying an additional 386 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in PayPal were worth $580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in PayPal in the 1st quarter valued at about $529,264,000. Goldman Sachs Group Inc. raised its holdings in PayPal by 44.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock valued at $558,499,000 after buying an additional 2,638,815 shares during the period. Deutsche Bank AG raised its holdings in PayPal by 19.1% in the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock valued at $733,294,000 after buying an additional 1,798,330 shares during the period. Invesco Ltd. grew its position in PayPal by 14.9% in the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after acquiring an additional 1,232,155 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in PayPal by 301.7% in the first quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock valued at $75,491,000 after acquiring an additional 868,953 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PYPL shares. Wells Fargo & Company upgraded PayPal to a “hold” rating in a research note on Wednesday, October 22nd. Morgan Stanley reissued a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Barclays restated an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research note on Tuesday, July 29th. Fifteen equities research 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. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $82.46.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 7,102 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by company insiders.

PayPal Stock Performance

PYPL opened at $70.25 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The stock has a market cap of $67.12 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.08 and a beta of 1.44. The business has a 50 day moving average of $68.95 and a 200-day moving average of $69.92. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

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 the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. During the same period last year, the firm posted $1.19 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.