HRT Financial LLC Acquires New Position in PayPal (PYPL)

HRT Financial LLC acquired a new position in PayPal (NASDAQ:PYPL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,603 shares of the credit services provider’s stock, valued at approximately $349,000.

Other large investors have also modified their holdings of the company. Truewealth LLC bought a new position in PayPal in the fourth quarter worth approximately $106,000. Jacobi Capital Management LLC grew its holdings in PayPal by 122.4% in the first quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock worth $110,000 after purchasing an additional 804 shares during the last quarter. Risk Paradigm Group LLC grew its holdings in PayPal by 282.5% in the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 1,130 shares during the last quarter. QCI Asset Management Inc. NY grew its holdings in PayPal by 160.6% in the first quarter. QCI Asset Management Inc. NY now owns 1,574 shares of the credit services provider’s stock worth $119,000 after purchasing an additional 970 shares during the last quarter. Finally, Well Done LLC purchased a new position in PayPal in the first quarter worth $128,000. 78.29% of the stock is owned by institutional investors.

In other PayPal news, CEO Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $82.21, for a total value of $2,137,460.00. Following the completion of the transaction, the chief executive officer now owns 353,297 shares in the company, valued at $29,044,546.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO William J. Ready sold 72,000 shares of the company’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $75.32, for a total transaction of $5,423,040.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,482 shares of company stock valued at $14,689,631. Insiders own 0.20% of the company’s stock.

Shares of PayPal stock opened at $85.21 on Thursday. The stock has a market capitalization of $100.99 billion, a price-to-earnings ratio of 61.30, a PEG ratio of 2.81 and a beta of 1.31. PayPal has a fifty-two week low of $50.83 and a fifty-two week high of $86.32.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. sell-side analysts expect that PayPal will post 1.71 EPS for the current year.

Several research firms have issued reports on PYPL. Craig Hallum set a $93.00 price target on shares of PayPal and gave the stock a “buy” rating in a report on Friday, May 18th. ValuEngine raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Credit Suisse Group cut their price target on shares of PayPal from $91.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Canaccord Genuity lifted their price target on shares of PayPal from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $90.00 price target on shares of PayPal in a report on Friday, May 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.89.

About PayPal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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