Capricorn Fund Managers Ltd Has $4.39 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Capricorn Fund Managers Ltd increased its stake in PayPal Holdings, Inc. by 31.3%, now holding 67,225 shares valued at approximately $4.39 million, making it the firm's 22nd largest holding.
• Insider sales were reported, including Suzan Kereere and Diego Scotti, who sold shares at an average price of $73.24, reducing their ownership significantly.
• PayPal's shares have a current market cap of $76.07 billion, with a consensus rating of "Hold" and a target price of $83.13 among analysts.

Capricorn Fund Managers Ltd grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 31.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,225 shares of the credit services provider's stock after purchasing an additional 16,015 shares during the period. PayPal makes up approximately 2.3% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 22nd largest holding. Capricorn Fund Managers Ltd's holdings in PayPal were worth $4,386,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Nan Fung Trinity HK Ltd. lifted its holdings in shares of PayPal by 26.3% in the first quarter. Nan Fung Trinity HK Ltd. now owns 169,000 shares of the credit services provider's stock valued at $11,027,000 after purchasing an additional 35,200 shares in the last quarter. S&CO Inc. increased its position in shares of PayPal by 3.6% in the first quarter. S&CO Inc. now owns 187,119 shares of the credit services provider's stock valued at $12,209,000 after acquiring an additional 6,501 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of PayPal in the first quarter valued at about $1,373,000. RD Finance Ltd acquired a new stake in shares of PayPal in the first quarter valued at about $2,262,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of PayPal in the first quarter valued at about $105,000. 68.32% of the stock is currently owned by institutional investors.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock worth $863,028 over the last three months. Company insiders own 0.08% of the company's stock.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $1.65 during trading on Friday, hitting $67.11. 14,892,824 shares of the company were exchanged, compared to its average volume of 11,250,775. The business's 50 day moving average is $73.20 and its 200-day moving average is $72.55. The company has a market capitalization of $64.12 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same period in the prior year, the business posted $1.19 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PYPL. UBS Group lowered their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Canaccord Genuity Group reissued a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday. Robert W. Baird boosted their price target on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a research report on Tuesday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.57.

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.