Keudell Morrison Wealth Management raised its position in shares of PayPal Holdings, Inc. (NASDAQ: PYPL – Get Rating) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,696 shares of the credit services provider’s stock after buying an additional 427 shares during the quarter. Keudell Morrison Wealth Management’s holdings in PayPal were worth $ 427,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. State Street Corp lifted its position in PayPal by 2.8% during the fourth quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock valued at $ 8,766,966,000 after buying an additional 1,257,110 shares during the period. Geode Capital Management LLC raised its position in shares of PayPal by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 19,184,985 shares of the credit services provider’s stock worth $ 3,608,177,000 after purchasing an additional 304,806 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of PayPal by 20.6% in the 4th quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock worth $ 2,728,562,000 after purchasing an additional 2,476,199 shares during the last quarter. Fundsmith LLP raised its position in shares of PayPal by 5.9% in the 4th quarter. Fundsmith LLP now owns 13,019,452 shares of the credit services provider’s stock worth $ 2,455,208,000 after purchasing an additional 730,632 shares during the last quarter. Finally, Alliancebernstein LP raised its position in shares of PayPal by 14.7% in the 4th quarter. Alliancebernstein LP now owns 10,280,330 shares of the credit services provider’s stock worth $ 1,938,665,000 after purchasing an additional 1,315,555 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Peggy Alford sold 14,767 shares of the company stock in a transaction on Friday, May 6th. The shares were sold at an average price of $ 85.32, for a total transaction of $ 1,259,920.44. Following the completion of the sale, the executive vice president now owns 39,891 shares of the company stock, valued at $ 3,403,500.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Enrique Lores bought 1,100 shares of the company stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average cost of $ 88.13 per share, with a total value of $ 96,943.00. Following the acquisition, the director now directly owns 5,235 shares of the company stock, valued at $ 461,360.55. The disclosure for this purchase can be found here. Insiders own 0.13% of the company stock.
PYPL opened at $ 75.94 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $ 70.47 and a 12-month high of $ 310.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $ 82.09 and its 200-day simple moving average is $ 119.13. The company has a market capitalization of $ 87.94 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.66 and a beta of 1.40.
PayPal (NASDAQ: PYPL – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $ 0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.58 by ($ 0.04). PayPal had a net margin of 13.87% and a return on equity of 17.90%. The company had revenue of $ 6.48 billion for the quarter, compared to the estimate consensus of $ 6.41 billion. During the same period in the previous year, the business earned $ 0.91 EPS. On average, equities research analysts predict that PayPal Holdings, Inc. will post 2.69 EPS for the current year.
Several equities analysts have recently issued reports on PYPL shares. Canaccord Genuity Group lowered their price target on PayPal from $ 215.00 to $ 160.00 and set a “buy” rating for the company in a research report on Thursday, April 28th. Mizuho lowered their price target on PayPal from $ 175.00 to $ 120.00 in a research report on Monday, May 2nd. BMO Capital Markets decreased their target price on PayPal from $ 183.00 to $ 114.00 in a research report on Thursday, April 28th. Royal Bank of Canada reduced their target price on PayPal from $ 180.00 to $ 118.00 and set an “outperform” rating for the company in a research report on Friday, April 22nd. Finally, Robert W. Baird decreased their target price on PayPal from $ 205.00 to $ 175.00 in a research report on Friday, April 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target of $ 153.71.
About PayPal: (Get Rating)
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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