Schwab Charles Investment Management Inc. Has $297.83 Million Position in PayPal (PYPL)

Schwab Charles Investment Management Inc. boosted its stake in shares of PayPal (NASDAQ:PYPL) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,925,526 shares of the credit services provider’s stock after buying an additional 120,855 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in PayPal were worth $297,830,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI boosted its holdings in PayPal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares during the period. Truewealth LLC purchased a new stake in PayPal in the 4th quarter worth approximately $106,000. Jacobi Capital Management LLC lifted its holdings in PayPal by 122.4% in the 1st quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock worth $110,000 after buying an additional 804 shares during the period. Front Row Advisors LLC purchased a new stake in PayPal in the 4th quarter worth approximately $111,000. Finally, Risk Paradigm Group LLC lifted its holdings in PayPal by 282.5% in the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock worth $113,000 after buying an additional 1,130 shares during the period. Institutional investors own 80.88% of the company’s stock.

Several research firms have weighed in on PYPL. Jefferies Group increased their price objective on PayPal from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus increased their price objective on PayPal from $77.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Vetr upgraded PayPal from a “hold” rating to a “buy” rating and set a $86.65 price objective for the company in a report on Thursday, February 1st. Nomura increased their price objective on PayPal to $97.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Finally, Morgan Stanley increased their price objective on PayPal from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $80.91.



In other PayPal news, COO William J. Ready sold 72,000 shares of PayPal stock in a transaction on Friday, April 27th. The stock was sold at an average price of $75.32, for a total value of $5,423,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of PayPal stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $74.12, for a total value of $1,927,120.00. Following the completion of the sale, the insider now directly owns 364,797 shares of the company’s stock, valued at approximately $27,038,753.64. The disclosure for this sale can be found here. In the last three months, insiders sold 219,773 shares of company stock valued at $16,777,061. Corporate insiders own 0.20% of the company’s stock.

PayPal opened at $79.20 on Monday, MarketBeat reports. PayPal has a twelve month low of $48.89 and a twelve month high of $86.32. The company has a market cap of $94.04 billion, a P/E ratio of 56.98, a P/E/G ratio of 2.62 and a beta of 1.28.

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

PayPal Profile

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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