Yarbrough Capital LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Yarbrough Capital LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,458 shares of the credit services provider’s stock after purchasing an additional 3,559 shares during the period. Yarbrough Capital LLC’s holdings in PayPal were worth $6,414,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Level Financial Advisors Inc. purchased a new stake in shares of PayPal in the 4th quarter worth $25,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of PayPal in the 4th quarter worth $26,000. Curi Wealth Management LLC purchased a new stake in shares of PayPal in the 4th quarter worth $30,000. Disciplined Investments LLC increased its stake in shares of PayPal by 203.6% in the 4th quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 114 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of PayPal in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

A number of equities research analysts have issued reports on the company. Loop Capital cut their price target on PayPal from $212.00 to $138.00 in a research note on Thursday, April 28th. Royal Bank of Canada cut their price target on PayPal from $180.00 to $118.00 and set an “outperform” rating for the company in a research note on Friday, April 22nd. William Blair reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, April 27th. BMO Capital Markets cut their price target on PayPal from $183.00 to $114.00 in a research note on Thursday, April 28th. Finally, Barclays cut their price target on PayPal from $200.00 to $125.00 in a research note on Monday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $153.71.

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

NASDAQ PYPL traded up $0.25 during trading on Thursday, hitting $73.22. The stock had a trading volume of 233,798 shares, compared to its average volume of 13,694,280. The stock has a 50 day simple moving average of $83.65 and a 200 day simple moving average of $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 one year low of $70.47 and a one year high of $310.16. The stock has a market capitalization of $84.79 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.55 and a beta of 1.40.

PayPal (NASDAQ:PYPL – Get Rating) last posted its quarterly 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 period in the prior year, the firm posted $0.91 EPS. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 2.69 EPS for the current year.

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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