Maxi Investments CY Ltd grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 521.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,900 shares of the credit services provider's stock after purchasing an additional 102,275 shares during the period. PayPal comprises 1.6% of Maxi Investments CY Ltd's portfolio, making the stock its 18th largest holding. Maxi Investments CY Ltd's holdings in PayPal were worth $7,954,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. J. Goldman & Co LP increased its holdings in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after purchasing an additional 27,812 shares during the period. Proffitt & Goodson Inc. acquired a new position in shares of PayPal in the 1st quarter valued at about $535,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock valued at $651,619,000 after buying an additional 1,114,858 shares in the last quarter. Allianz SE grew its stake in shares of PayPal by 281.8% in the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock valued at $1,980,000 after buying an additional 22,392 shares in the last quarter. Finally, Triglav Skladi D.O.O. bought a new stake in shares of PayPal in the 4th quarter valued at approximately $939,000. Institutional investors and hedge funds own 68.32% of the company's stock.
Analyst Upgrades and Downgrades
PYPL has been the subject of several recent research reports. Bank of America lowered their price target on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Evercore ISI initiated coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Monness Crespi & Hardt lowered their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reissued a "positive" rating on shares of PayPal in a research note on Wednesday, July 30th. Finally, Citigroup reissued a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and a consensus price target of $84.57.
View Our Latest Stock Analysis on PYPL
Insider Transactions at PayPal
In related news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction on Friday, June 6th. The shares were 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 owned 16,989 shares of the company's stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,736 shares of company stock valued at $1,620,835. Company insiders own 0.08% of the company's stock.
PayPal Stock Up 1.3%
PYPL opened at $68.01 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year 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 stock has a market capitalization of $64.98 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.03 and a beta of 1.42. The business has a 50 day moving average of $73.10 and a 200-day moving average of $72.01.
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 analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates 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 company posted $1.19 earnings per share. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
About PayPal
(
Free Report)
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.
Further Reading
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