OVERSEA CHINESE BANKING Corp Ltd raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 35.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,259 shares of the credit services provider's stock after purchasing an additional 4,741 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in PayPal were worth $1,257,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal during the fourth quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in PayPal during the 4th quarter valued at $27,000. Evermay Wealth Management LLC raised its stake in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares during the period. Garde Capital Inc. purchased a new position in shares of PayPal during the 1st quarter valued at $28,000. Finally, Tsfg LLC grew its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PYPL has been the subject of a number of recent analyst reports. Macquarie restated an "outperform" rating and set a $95.00 price target on shares of PayPal in a report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Monness Crespi & Hardt lowered their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JMP Securities lowered their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a report on Wednesday, July 30th. Finally, Evercore ISI initiated coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective on the stock. Two research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.57.
Get Our Latest Stock Analysis on PYPL
PayPal Trading Up 1.3%
Shares of NASDAQ PYPL traded up $0.90 during mid-day trading on Monday, reaching $68.01. The company had a trading volume of 11,745,148 shares, compared to its average volume of 12,634,702. The business's 50-day moving average is $73.14 and its 200-day moving average is $72.18. 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 cap of $64.98 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $8.08 billion. During the same period in the prior year, the business earned $1.19 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Insider Buying and Selling at PayPal
In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock valued at $1,620,835 in the last 90 days. Insiders own 0.08% of the company's stock.
PayPal Profile
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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.
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