15,232 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,232 shares of the credit services provider’s stock, valued at approximately $1,762,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in PayPal by 2.8% during the fourth quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock worth $8,766,966,000 after acquiring an additional 1,257,110 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PayPal by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 19,184,985 shares of the credit services provider’s stock worth $3,608,177,000 after purchasing an additional 304,806 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of PayPal by 20.6% in the fourth quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after purchasing an additional 2,476,199 shares during the period. Fundsmith LLP increased its stake in PayPal by 5.9% in the fourth quarter. Fundsmith LLP now owns 13,019,452 shares of the credit services provider’s stock valued at $2,455,208,000 after purchasing an additional 730,632 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in PayPal by 14.7% during the fourth quarter. Alliancebernstein L.P. now owns 10,280,330 shares of the credit services provider’s stock worth $1,938,665,000 after buying an additional 1,315,555 shares during the period. 75.90% of the stock is currently owned by institutional investors.

Shares of PYPL opened at $72.97 on Thursday. The company’s 50 day moving average price is $83.65 and its 200 day moving average price is $122.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19. PayPal Holdings, Inc. has a 52 week low of $70.47 and a 52 week high of $310.16. The company has a market capitalization of $84.50 billion, a PE ratio of 24.08, a PEG ratio of 1.55 and a beta of 1.40.

PayPal (NASDAQ:PYPLGet Rating) last posted its earnings results on Wednesday, April 27th. The credit services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). PayPal had a net margin of 13.87% and a return on equity of 17.90%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same quarter last year, the business earned $0.91 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post 2.69 earnings per share for the current fiscal year.

In other news, EVP Peggy Alford sold 14,767 shares of PayPal stock in a transaction on Friday, May 6th. The stock was sold at an average price of $85.32, for a total value of $1,259,920.44. Following the completion of the sale, the executive vice president now directly owns 39,891 shares of the company’s stock, valued at approximately $3,403,500.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Enrique Lores purchased 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The shares were acquired at an average cost of $88.13 per share, with a total value of $96,943.00. Following the completion of the purchase, the director now owns 5,235 shares of the company’s stock, valued at $461,360.55. The disclosure for this purchase can be found here. 0.13% of the stock is owned by corporate insiders.

Several research firms have commented on PYPL. BMO Capital Markets dropped their price objective on shares of PayPal from $183.00 to $114.00 in a research note on Thursday, April 28th. Mizuho dropped their price target on shares of PayPal from $175.00 to $120.00 in a research report on Monday, May 2nd. Stephens initiated coverage on shares of PayPal in a research note on Wednesday, April 6th. They set an “equal weight” rating and a $135.00 price target on the stock. Truist Financial lowered their price objective on shares of PayPal from $115.00 to $85.00 in a research note on Thursday, April 28th. Finally, Bank of America lowered PayPal from a “buy” rating to a “neutral” rating and cut their target price for the stock from $175.00 to $107.00 in a research report on Wednesday, March 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.71.

PayPal Company 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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