Quantinno Capital Management LP Acquires 41,611 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Quantinno Capital Management LP increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 49.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,237 shares of the credit services provider’s stock after purchasing an additional 41,611 shares during the period. Quantinno Capital Management LP’s holdings in PayPal were worth $10,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Aprio Wealth Management LLC bought a new position in PayPal in the 4th quarter worth approximately $226,000. Wedmont Private Capital increased its stake in shares of PayPal by 9.1% during the fourth quarter. Wedmont Private Capital now owns 5,972 shares of the credit services provider’s stock valued at $498,000 after buying an additional 498 shares during the period. AdvisorNet Financial Inc increased its stake in shares of PayPal by 8.6% during the fourth quarter. AdvisorNet Financial Inc now owns 4,760 shares of the credit services provider’s stock valued at $406,000 after buying an additional 377 shares during the period. FNY Investment Advisers LLC boosted its position in PayPal by 443.5% during the fourth quarter. FNY Investment Advisers LLC now owns 625 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 510 shares in the last quarter. Finally, Marcum Wealth LLC boosted its position in PayPal by 12.0% during the fourth quarter. Marcum Wealth LLC now owns 4,077 shares of the credit services provider’s stock valued at $348,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PYPL shares. Seaport Res Ptn cut PayPal from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 17th. Robert W. Baird boosted their price objective on PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Citigroup decreased 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. Finally, BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.68.

PayPal Stock Performance

NASDAQ PYPL opened at $72.68 on Thursday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market capitalization of $70.68 billion, a P/E ratio of 18.12, a PEG ratio of 1.27 and a beta of 1.51. The business has a 50 day moving average price of $65.83 and a 200 day moving average price of $77.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.