InterOcean Capital LLC boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,049 shares of the credit services provider’s stock after acquiring an additional 569 shares during the period. InterOcean Capital LLC’s holdings in Paypal were worth $483,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Orser Capital Management LLC grew its position in shares of Paypal by 5.2% during the 4th quarter. Orser Capital Management LLC now owns 23,810 shares of the credit services provider’s stock valued at $2,571,000 after buying an additional 1,180 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Paypal by 1.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 506,950 shares of the credit services provider’s stock valued at $54,838,000 after acquiring an additional 7,851 shares during the period. RFG Advisory LLC grew its holdings in shares of Paypal by 9.0% during the fourth quarter. RFG Advisory LLC now owns 4,143 shares of the credit services provider’s stock valued at $448,000 after purchasing an additional 343 shares during the last quarter. TLW Wealth Management LLC raised its position in shares of Paypal by 111.8% during the 4th quarter. TLW Wealth Management LLC now owns 54,562 shares of the credit services provider’s stock worth $5,902,000 after purchasing an additional 28,798 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Paypal by 15.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,511 shares of the credit services provider’s stock worth $163,000 after purchasing an additional 207 shares during the last quarter. 83.00% of the stock is currently owned by hedge funds and other institutional investors.
In other Paypal news, EVP Adele Louise Pentland sold 92,700 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $107.63, for a total value of $9,977,301.00. Following the completion of the transaction, the executive vice president now directly owns 174,201 shares in the company, valued at $18,749,253.63. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John D. Rainey sold 87,925 shares of Paypal stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.48, for a total transaction of $9,450,179.00. Following the completion of the transaction, the chief financial officer now directly owns 229,139 shares in the company, valued at $24,627,859.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,625 shares of company stock valued at $28,513,730. 0.12% of the stock is currently owned by company insiders.
NASDAQ:PYPL traded up $2.64 during trading hours on Friday, reaching $150.86. 5,620,322 shares of the company’s stock were exchanged, compared to its average volume of 10,391,105. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $174.01 billion, a P/E ratio of 95.48, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11. Paypal Holdings Inc has a 12 month low of $82.07 and a 12 month high of $151.08. The business’s 50-day simple moving average is $120.99 and its two-hundred day simple moving average is $111.79.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.72 billion. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, sell-side analysts anticipate that Paypal Holdings Inc will post 2.4 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Paypal from $120.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Guggenheim upgraded shares of Paypal from a “neutral” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, January 31st. DZ Bank downgraded shares of Paypal from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a research report on Tuesday, April 28th. Canaccord Genuity upped their target price on shares of Paypal from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, KeyCorp lifted their price target on Paypal from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $140.15.
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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