Catalyst Capital Advisors LLC Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Catalyst Capital Advisors LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 149.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,455 shares of the credit services provider’s stock after buying an additional 12,249 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in PayPal were worth $3,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PYPL. Arlington Partners LLC lifted its stake in shares of PayPal by 9.3% in the 4th quarter. Arlington Partners LLC now owns 2,747 shares of the credit services provider’s stock valued at $518,000 after purchasing an additional 233 shares during the period. Charles Carroll Financial Partners LLC purchased a new position in shares of PayPal in the 4th quarter valued at approximately $2,291,000. Man Group plc lifted its stake in shares of PayPal by 154.5% in the 3rd quarter. Man Group plc now owns 375,716 shares of the credit services provider’s stock valued at $97,764,000 after purchasing an additional 228,090 shares during the period. Oxbow Advisors LLC lifted its stake in shares of PayPal by 10.2% in the 3rd quarter. Oxbow Advisors LLC now owns 28,320 shares of the credit services provider’s stock valued at $7,369,000 after purchasing an additional 2,613 shares during the period. Finally, Riverbridge Partners LLC purchased a new position in shares of PayPal in the 4th quarter valued at approximately $34,934,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Shares of NASDAQ PYPL traded up $4.54 during mid-day trading on Friday, hitting $78.83. The stock had a trading volume of 17,099,897 shares, compared to its average volume of 20,175,638. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50 day moving average of $101.04 and a two-hundred day moving average of $147.19. PayPal Holdings, Inc. has a twelve month low of $71.83 and a twelve month high of $310.16. The firm has a market cap of $91.29 billion, a PE ratio of 26.02, a PEG ratio of 1.60 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. PayPal had a return on equity of 17.90% and a net margin of 13.87%. During the same period in the prior year, the business posted $0.91 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 2.7 EPS for the current fiscal year.

In related news, Director Enrique Lores purchased 1,100 shares of the business’s stock in a transaction on Wednesday, May 4th. The shares were bought at an average cost of $88.13 per share, with a total value of $96,943.00. Following the transaction, the director now owns 5,235 shares of the company’s stock, valued at $461,360.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank D. Yeary purchased 4,500 shares of the business’s stock in a transaction on Friday, February 18th. The shares were bought at an average cost of $103.96 per share, for a total transaction of $467,820.00. The disclosure for this purchase can be found here. 0.10% of the stock is owned by corporate insiders.

PYPL has been the subject of a number of analyst reports. Mizuho reduced their price objective on PayPal from $175.00 to $120.00 in a research report on Monday, May 2nd. Raymond James lowered PayPal from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 2nd. Canaccord Genuity Group reduced their price objective on PayPal from $215.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, April 28th. Cowen reduced their price objective on PayPal from $174.00 to $104.00 in a research report on Thursday, April 28th. Finally, BMO Capital Markets reduced their price objective on PayPal from $183.00 to $114.00 in a research report on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Buy” and a consensus target price of $152.83.

PayPal Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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