Koshinski Asset Management Inc. Grows Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Koshinski Asset Management Inc. increased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 8.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,654 shares of the credit services provider’s stock after purchasing an additional 297 shares during the period. Koshinski Asset Management Inc.’s holdings in Paypal were worth $637,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Delaney Dennis R lifted its stake in Paypal by 0.7% during the 2nd quarter. Delaney Dennis R now owns 10,062 shares of the credit services provider’s stock worth $1,752,000 after acquiring an additional 68 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Paypal by 4.5% in the second quarter. Acropolis Investment Management LLC now owns 1,636 shares of the credit services provider’s stock valued at $285,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC increased its stake in Paypal by 7.1% during the 1st quarter. NewSquare Capital LLC now owns 1,067 shares of the credit services provider’s stock worth $102,000 after buying an additional 71 shares during the period. Bell & Brown Wealth Advisors LLC lifted its holdings in Paypal by 0.3% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 22,577 shares of the credit services provider’s stock worth $3,275,000 after buying an additional 76 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in Paypal by 0.7% in the 2nd quarter. BLB&B Advisors LLC now owns 11,091 shares of the credit services provider’s stock valued at $1,932,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 82.75% of the company’s stock.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $122.67, for a total transaction of $3,066,750.00. Following the completion of the transaction, the chief executive officer now directly owns 594,803 shares of the company’s stock, valued at $72,964,484.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 75,000 shares of company stock worth $10,562,250. Company insiders own 0.12% of the company’s stock.

Several brokerages have recently issued reports on PYPL. BMO Capital Markets increased their price objective on Paypal from $154.00 to $202.00 and gave the company a “market perform” rating in a research note on Thursday. They noted that the move was a valuation call. Berenberg Bank reiterated a “buy” rating and issued a $205.00 price objective on shares of Paypal in a research note on Thursday, June 25th. Stephens boosted their price objective on Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. BTIG Research reaffirmed a “hold” rating on shares of Paypal in a report on Wednesday. Finally, Piper Sandler boosted their price target on shares of Paypal from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $190.13.

Paypal stock opened at $196.07 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.39. The business has a 50 day simple moving average of $172.13 and a 200-day simple moving average of $133.02. Paypal Holdings Inc has a 12 month low of $82.07 and a 12 month high of $198.66. The stock has a market capitalization of $230.18 billion, a PE ratio of 89.94, a price-to-earnings-growth ratio of 5.52 and a beta of 1.19.

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 $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the company posted $0.86 EPS. Paypal’s revenue was up 22.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Paypal Holdings Inc will post 2.38 EPS for the current 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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