Penserra Capital Management LLC Has $19.04 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Penserra Capital Management LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,752 shares of the credit services provider's stock after acquiring an additional 3,856 shares during the period. Penserra Capital Management LLC's holdings in PayPal were worth $19,035,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter worth about $25,000. Hurley Capital LLC bought a new stake in PayPal during the fourth quarter worth about $27,000. Garde Capital Inc. bought a new stake in PayPal during the first quarter worth about $28,000. Tsfg LLC increased its holdings in shares of PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the fourth quarter valued at approximately $34,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 1.5%

PayPal stock traded down $1.15 during midday trading on Tuesday, hitting $75.03. 8,751,894 shares of the stock were exchanged, compared to its average volume of 10,841,053. The stock has a market capitalization of $72.97 billion, a PE ratio of 16.79, a P/E/G ratio of 1.24 and a beta of 1.45. The company has a fifty day simple moving average of $71.84 and a two-hundred day simple moving average of $73.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. 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 posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the business posted $1.08 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on 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 transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,796 shares of company stock valued at $863,028. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on PYPL. Robert W. Baird increased 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. Keefe, Bruyette & Woods decreased their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Bank of America cut their price target on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Finally, Barclays lowered their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $83.42.

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.