CMH Wealth Management LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 162.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,640 shares of the credit services provider’s stock after purchasing an additional 46,774 shares during the quarter. PayPal makes up 2.7% of CMH Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. CMH Wealth Management LLC’s holdings in PayPal were worth $8,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Investors Research Corp purchased a new stake in PayPal during the 1st quarter worth about $606,000. Triangle Securities Wealth Management purchased a new position in shares of PayPal in the 1st quarter valued at about $1,762,000. Meadow Creek Wealth Advisors LLC increased its holdings in shares of PayPal by 128.8% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 4,589 shares of the credit services provider’s stock valued at $531,000 after acquiring an additional 2,583 shares during the last quarter. Baldwin Brothers LLC MA increased its holdings in shares of PayPal by 0.4% in the 1st quarter. Baldwin Brothers LLC MA now owns 118,150 shares of the credit services provider’s stock valued at $13,663,000 after acquiring an additional 426 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its holdings in shares of PayPal by 43.5% in the 1st quarter. Guinness Atkinson Asset Management Inc now owns 37,974 shares of the credit services provider’s stock valued at $4,392,000 after acquiring an additional 11,509 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.
In related news, Director Enrique Lores purchased 1,100 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was bought at an average price of $88.13 per share, with a total value of $96,943.00. Following the completion of the transaction, the director now owns 5,235 shares of the company’s stock, valued at approximately $461,360.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peggy Alford sold 14,767 shares of the firm’s 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 sale, the executive vice president now owns 39,891 shares in the company, valued at approximately $3,403,500.12. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly earnings data 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 firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.41 billion. During the same period in the previous year, the business earned $0.91 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 2.69 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. BMO Capital Markets dropped their price objective on PayPal from $183.00 to $114.00 in a report on Thursday, April 28th. Susquehanna dropped their price objective on PayPal from $125.00 to $115.00 in a report on Thursday, April 28th. Royal Bank of Canada dropped their price objective on PayPal from $180.00 to $118.00 and set an “outperform” rating on the stock in a report on Friday, April 22nd. Cowen dropped their price objective on PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Finally, Morgan Stanley decreased their target price on PayPal from $137.00 to $129.00 and set an “overweight” rating for the company in a research report on Thursday, June 2nd. Two equities 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $153.71.
About PayPal (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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