Qtron Investments LLC bought a new position in Paypal Holdings Inc (NASDAQ:PYPL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,113 shares of the credit services provider’s stock, valued at approximately $1,043,000.
Other large investors have also recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC bought a new stake in Paypal in the second quarter valued at approximately $1,647,000. Geneva Partners LLC lifted its position in Paypal by 0.3% in the second quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock valued at $4,296,000 after purchasing an additional 120 shares during the last quarter. APG Asset Management N.V. lifted its position in Paypal by 23.3% in the second quarter. APG Asset Management N.V. now owns 698,127 shares of the credit services provider’s stock valued at $70,168,000 after purchasing an additional 131,800 shares during the last quarter. Capital Asset Advisory Services LLC bought a new stake in Paypal in the second quarter valued at approximately $1,646,000. Finally, Bailard Inc. increased its stake in shares of Paypal by 11.1% during the second quarter. Bailard Inc. now owns 29,660 shares of the credit services provider’s stock valued at $3,395,000 after buying an additional 2,968 shares during the period. Institutional investors own 81.01% of the company’s stock.
PYPL traded down $0.72 during midday trading on Friday, reaching $106.38. The company had a trading volume of 543,660 shares, compared to its average volume of 5,564,542. The business has a 50-day moving average of $108.18 and a two-hundred day moving average of $109.01. The company has a market cap of $121.26 billion, a P/E ratio of 59.47, a P/E/G ratio of 2.38 and a beta of 0.98. Paypal Holdings Inc has a 1 year low of $74.66 and a 1 year high of $121.48.
In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.96, for a total value of $3,358,800.00. Following the completion of the sale, the insider now owns 487,074 shares in the company, valued at $54,532,805.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,417 shares of company stock valued at $14,511,700. Company insiders own 0.15% of the company’s stock.
PYPL has been the topic of several research analyst reports. Berenberg Bank reissued a “buy” rating and set a $125.00 target price on shares of Paypal in a research note on Friday, July 26th. BidaskClub cut Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup increased their target price on Paypal from $124.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Co upped their price target on Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Craig Hallum upped their price target on Paypal from $125.00 to $140.00 and gave the company a “positive” rating in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Paypal presently has an average rating of “Buy” and a consensus target price of $121.68.
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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