Mark Sheptoff Financial Planning LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,317 shares of the credit services provider’s stock after purchasing an additional 205 shares during the period. PayPal comprises approximately 2.2% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 11th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in PayPal were worth $4,173,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Permanens Capital L.P. purchased a new position in PayPal during the first quarter valued at $27,000. Sawyer & Company Inc lifted its position in PayPal by 566.7% during the second quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock valued at $29,000 after buying an additional 85 shares during the period. JTC Employer Solutions Trusteee Ltd purchased a new position in PayPal during the second quarter valued at $38,000. Rocky Mountain Advisers LLC lifted its position in PayPal by 218.4% during the second quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock valued at $45,000 after buying an additional 107 shares during the period. Finally, Baldrige Asset Management LLC purchased a new position in PayPal during the second quarter valued at $47,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
PayPal stock traded down $10.94 during mid-day trading on Tuesday, hitting $262.45. The company’s stock had a trading volume of 296,238 shares, compared to its average volume of 7,464,383. The company has a 50 day moving average of $282.21 and a 200-day moving average of $271.11. The stock has a market cap of $308.39 billion, a PE ratio of 64.93, a P/E/G ratio of 3.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a one year low of $174.81 and a one year high of $310.16.
In other PayPal news, EVP Mark Britto sold 9,000 shares of the stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $279.15, for a total value of $2,512,350.00. Following the completion of the sale, the executive vice president now directly owns 122,583 shares in the company, valued at $34,219,044.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jonathan Auerbach sold 12,314 shares of the stock in a transaction dated Tuesday, August 24th. The shares were sold at an average price of $278.64, for a total value of $3,431,172.96. Following the completion of the sale, the executive vice president now owns 80,922 shares of the company’s stock, valued at $22,548,106.08. The disclosure for this sale can be found here. Insiders have sold a total of 41,314 shares of company stock worth $11,463,923 in the last three months. Corporate insiders own 0.10% of the company’s stock.
Several equities analysts have recently issued reports on PYPL shares. Evercore ISI lifted their price target on PayPal from $313.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, July 9th. Susquehanna Bancshares lifted their price target on PayPal from $330.00 to $360.00 and gave the stock a “positive” rating in a research report on Wednesday, July 14th. Morgan Stanley lifted their price objective on PayPal from $337.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 29th. DA Davidson began coverage on PayPal in a report on Wednesday, June 23rd. They issued a “buy” rating and a $325.00 price objective for the company. Finally, KeyCorp lifted their price objective on PayPal from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Four equities research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $318.92.
PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.
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