Heritage Trust Co grew its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,990 shares of the credit services provider’s stock after acquiring an additional 302 shares during the period. Heritage Trust Co’s holdings in Paypal were worth $286,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of PYPL. Orser Capital Management LLC grew its stake in Paypal by 5.2% in the 4th quarter. Orser Capital Management LLC now owns 23,810 shares of the credit services provider’s stock worth $2,571,000 after acquiring an additional 1,180 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Paypal by 1.6% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 506,950 shares of the credit services provider’s stock worth $54,838,000 after purchasing an additional 7,851 shares during the period. RFG Advisory LLC lifted its position in shares of Paypal by 9.0% in the 4th quarter. RFG Advisory LLC now owns 4,143 shares of the credit services provider’s stock worth $448,000 after purchasing an additional 343 shares during the period. TLW Wealth Management LLC lifted its position in shares of Paypal by 111.8% in the 4th quarter. TLW Wealth Management LLC now owns 54,562 shares of the credit services provider’s stock worth $5,902,000 after purchasing an additional 28,798 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Paypal by 15.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,511 shares of the credit services provider’s stock worth $163,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 83.00% of the company’s stock.
In other news, CFO John D. Rainey sold 87,925 shares of Paypal stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $107.48, for a total value of $9,450,179.00. Following the sale, the chief financial officer now owns 229,139 shares in the company, valued at $24,627,859.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the chief executive officer now owns 620,703 shares in the company, valued at approximately $59,978,530.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,625 shares of company stock worth $28,513,730. 0.12% of the stock is owned by company insiders.
PYPL has been the subject of several research reports. DZ Bank cut shares of Paypal from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a research report on Tuesday, April 28th. SunTrust Banks upped their price target on shares of Paypal from $110.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Oppenheimer upped their price target on shares of Paypal from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Raymond James increased their target price on shares of Paypal from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Guggenheim raised shares of Paypal from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $140.15.
Shares of NASDAQ:PYPL traded up $2.64 during midday trading on Friday, reaching $150.86. The company’s stock had a trading volume of 5,620,322 shares, compared to its average volume of 10,391,105. The firm has a market capitalization of $174.01 billion, a PE ratio of 95.48, a P/E/G ratio of 3.37 and a beta of 1.11. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $151.08. The stock has a fifty day moving average of $120.99 and a 200 day moving average of $111.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.50.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.72 billion. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. Sell-side analysts anticipate that Paypal Holdings Inc will post 2.4 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, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
Further Reading: What Does Beta Mean In Stock Selection?
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.