Quantamental Technologies LLC grew its position in Paypal Holdings Inc (NASDAQ:PYPL) by 96.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,138 shares of the credit services provider’s stock after purchasing an additional 1,540 shares during the period. Quantamental Technologies LLC’s holdings in Paypal were worth $326,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in PYPL. Truehand Inc purchased a new stake in shares of Paypal in the fourth quarter worth about $25,000. Bruderman Asset Management LLC purchased a new stake in shares of Paypal in the fourth quarter worth about $27,000. CX Institutional boosted its stake in shares of Paypal by 605.7% in the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Paypal in the fourth quarter worth about $37,000. Finally, Virtus ETF Advisers LLC boosted its stake in shares of Paypal by 33.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after buying an additional 113 shares during the last quarter. 81.33% of the stock is currently owned by institutional investors and hedge funds.
In other Paypal news, EVP Aaron Karczmer sold 3,677 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total transaction of $347,255.88. Following the completion of the transaction, the executive vice president now owns 11,399 shares of the company’s stock, valued at $1,076,521.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $112.38, for a total value of $3,371,400.00. Following the transaction, the insider now directly owns 553,821 shares of the company’s stock, valued at approximately $62,238,403.98. The disclosure for this sale can be found here. Insiders have sold 294,521 shares of company stock valued at $29,966,837 in the last three months. Insiders own 0.15% of the company’s stock.
Shares of PYPL stock opened at $106.83 on Tuesday. The company has a market cap of $125.52 billion, a price-to-earnings ratio of 59.68, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $113.69.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Paypal Holdings Inc will post 2.24 EPS for the current fiscal year.
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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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