Hoylecohen LLC Buys New Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Hoylecohen LLC acquired a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,838 shares of the credit services provider’s stock, valued at approximately $320,000.

A number of other hedge funds also recently added to or reduced their stakes in PYPL. Engrave Wealth Partners LLC raised its holdings in Paypal by 54.3% during the first quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Howe & Rusling Inc. increased its holdings in shares of Paypal by 446.4% in the 2nd quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 125 shares during the period. Key Financial Inc acquired a new position in shares of Paypal in the 1st quarter valued at $28,000. Stonebridge Financial Planning Group LLC increased its holdings in shares of Paypal by 1,000.0% in the 1st quarter. Stonebridge Financial Planning Group LLC now owns 275 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 250 shares during the period. Finally, Ayalon Holdings Ltd. acquired a new position in shares of Paypal in the 1st quarter valued at $29,000. 82.75% of the stock is currently owned by institutional investors.

PYPL has been the topic of a number of recent research reports. Oppenheimer lifted their target price on shares of Paypal from $140.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday. Stephens lifted their target price on shares of Paypal from $132.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Robert W. Baird lifted their target price on shares of Paypal from $175.00 to $220.00 in a report on Thursday. Bank of America boosted their price objective on shares of Paypal from $194.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, KeyCorp upped their price objective on shares of Paypal from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $190.13.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the transaction, the chief executive officer now owns 569,603 shares of the company’s stock, valued at $82,108,272.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 75,000 shares of company stock worth $10,562,250 in the last three months. Insiders own 0.12% of the company’s stock.

Shares of PYPL opened at $196.07 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.38. The company has a market capitalization of $226.00 billion, a price-to-earnings ratio of 89.94, a PEG ratio of 5.42 and a beta of 1.19. The company’s 50 day simple moving average is $172.13 and its 200 day simple moving average is $133.02. Paypal Holdings Inc has a 1 year low of $82.07 and a 1 year high of $198.66.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.47. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $4.99 billion. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities analysts expect that Paypal Holdings Inc will post 2.38 EPS for the current fiscal year.

Paypal Company Profile

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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