Banco Santander S.A. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,459 shares of the credit services provider's stock after buying an additional 15,827 shares during the quarter. Banco Santander S.A.'s holdings in PayPal were worth $7,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Security National Bank of SO Dak boosted its holdings in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after buying an additional 137 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of PayPal by 5.1% in the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after purchasing an additional 145 shares in the last quarter. Redwood Financial Network Corp lifted its holdings in shares of PayPal by 4.8% in the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after purchasing an additional 147 shares in the last quarter. MONECO Advisors LLC lifted its holdings in shares of PayPal by 0.8% in the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock valued at $1,334,000 after purchasing an additional 154 shares in the last quarter. Finally, DMC Group LLC lifted its holdings in shares of PayPal by 2.0% in the first quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock valued at $519,000 after purchasing an additional 155 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Suzan Kereere sold 4,162 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 $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 Securities & Exchange Commission, which can be accessed through this link. 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 transaction 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. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,736 shares of company stock valued at $1,620,835 over the last ninety days. 0.08% of the stock is owned by company insiders.
PayPal Trading Up 1.3%
Shares of PayPal stock traded up $0.90 during trading hours on Monday, hitting $68.01. The company's stock had a trading volume of 11,745,148 shares, compared to its average volume of 12,634,702. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The business has a fifty day moving average of $73.14 and a 200 day moving average of $72.18. The company has a market capitalization of $64.98 billion, a PE ratio of 14.53, a P/E/G ratio of 1.03 and a beta of 1.42. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 net margin of 14.49% and a return on equity of 25.35%. During the same period in the prior year, the firm earned $1.19 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on PYPL. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Macquarie reaffirmed an "outperform" rating and issued a $95.00 price target on shares of PayPal in a report on Wednesday, July 30th. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Finally, Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.57.
View Our Latest Analysis on PYPL
PayPal Profile
(
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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