Caitong International Asset Management Co. Ltd Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Caitong International Asset Management Co. Ltd increased its stake in PayPal Holdings, Inc. by 803.5% during the 1st quarter, now owning 4,861 shares valued at approximately $317,000.
• PayPal reported a Q2 EPS of $1.40, beating the consensus estimate of $1.30, with revenues of $8.29 billion surpassing expectations of $8.08 billion.
• Analysts have varied opinions on PayPal, with ratings ranging from "hold" to "buy", and an average target price of $85.00 on its shares.

Caitong International Asset Management Co. Ltd increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 803.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,861 shares of the credit services provider's stock after acquiring an additional 4,323 shares during the period. Caitong International Asset Management Co. Ltd's holdings in PayPal were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new stake in PayPal in the fourth quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new position in PayPal in the 4th quarter valued at $34,000. Pinney & Scofield Inc. bought a new stake in shares of PayPal during the 4th quarter worth $35,000. Evermay Wealth Management LLC raised its position in shares of PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in PayPal in the first quarter valued at approximately $28,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of PYPL stock opened at $67.97 on Wednesday. The business has a 50 day simple moving average of $72.75 and a 200 day simple moving average of $71.22. The firm has a market capitalization of $64.94 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the previous year, the company posted $1.19 EPS. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In related news, EVP Diego Scotti sold 3,838 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,736 shares of company stock valued at $1,620,835. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group lowered their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. JMP Securities lowered their target price on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and an average target price of $85.00.

About PayPal

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.

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