Goodwin Daniel L purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 845 shares of the credit services provider’s stock, valued at approximately $205,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank OH boosted its stake in shares of PayPal by 3.6% in the 1st quarter. Peoples Bank OH now owns 1,832 shares of the credit services provider’s stock worth $445,000 after buying an additional 64 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of PayPal by 40.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,558 shares of the credit services provider’s stock worth $378,000 after buying an additional 450 shares during the last quarter. Pinnacle Financial Partners Inc. raised its holdings in PayPal by 0.6% during the first quarter. Pinnacle Financial Partners Inc. now owns 89,597 shares of the credit services provider’s stock valued at $21,416,000 after acquiring an additional 535 shares during the period. International Assets Investment Management LLC boosted its position in shares of PayPal by 116.3% during the first quarter. International Assets Investment Management LLC now owns 39,123 shares of the credit services provider’s stock valued at $9,344,000 after buying an additional 21,039 shares during the period. Finally, Moseley Investment Management Inc. boosted its holdings in shares of PayPal by 19.5% in the first quarter. Moseley Investment Management Inc. now owns 8,237 shares of the credit services provider’s stock valued at $2,000,000 after purchasing an additional 1,345 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.
Shares of NASDAQ:PYPL opened at $264.43 on Wednesday. The company has a market cap of $310.51 billion, a price-to-earnings ratio of 99.78, a PEG ratio of 3.53 and a beta of 1.12. The firm’s 50-day simple moving average is $251.09 and its 200-day simple moving average is $233.32. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a fifty-two week low of $107.41 and a fifty-two week high of $309.14.
PYPL has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $234.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 22nd. Redburn Partners assumed coverage on shares of PayPal in a research note on Thursday, March 18th. They issued a “buy” rating for the company. Oddo Bhf assumed coverage on shares of PayPal in a research note on Wednesday, April 7th. They issued an “outperform” rating for the company. BMO Capital Markets boosted their price objective on shares of PayPal from $216.00 to $241.00 and gave the stock a “market perform” rating in a research note on Friday, February 5th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein initiated coverage on PayPal in a research report on Wednesday, January 27th. They set an “outperform” rating and a $297.00 price target on the stock. Six research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company. PayPal has a consensus rating of “Buy” and a consensus target price of $279.00.
In other PayPal news, EVP Adele Louise Pentland sold 75,269 shares of the company’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $261.21, for a total value of $19,661,015.49. Following the sale, the executive vice president now owns 127,496 shares of the company’s stock, valued at $33,303,230.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $304.32, for a total transaction of $3,043,200.00. Following the completion of the sale, the chief executive officer now directly owns 150,568 shares in the company, valued at approximately $45,820,853.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 247,350 shares of company stock worth $65,644,738. 0.12% of the stock is owned by insiders.
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, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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