Triumph Capital Management Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Triumph Capital Management boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 66.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,592 shares of the credit services provider's stock after purchasing an additional 6,997 shares during the quarter. Triumph Capital Management's holdings in PayPal were worth $1,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC boosted its position in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Capital Research Global Investors boosted its position in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Norges Bank bought a new position in shares of PayPal during the 4th quarter valued at approximately $1,086,508,000. Finally, Northern Trust Corp raised its holdings in PayPal by 19.0% during the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after buying an additional 1,669,908 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 0.2%

PYPL traded up $0.16 during mid-day trading on Friday, hitting $77.98. 6,882,061 shares of the stock were exchanged, compared to its average volume of 8,787,694. The firm's fifty day moving average is $73.19 and its two-hundred day moving average is $72.93. 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 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $75.84 billion, a PE ratio of 17.45, a PEG ratio of 1.28 and a beta of 1.45.

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 (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the prior year, the company earned $1.08 EPS. PayPal's revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company's 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 sale, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 in the last quarter. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Macquarie decreased their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Compass Point started coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Citigroup reduced their target price on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays increased their target price on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $83.13.

About PayPal

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.