Investment Management of Virginia LLC lifted its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,273 shares of the credit services provider’s stock after acquiring an additional 390 shares during the quarter. Investment Management of Virginia LLC’s holdings in Paypal were worth $1,064,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in PYPL. Prime Capital Investment Advisors LLC boosted its holdings in Paypal by 28.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 689 shares of the credit services provider’s stock worth $71,000 after buying an additional 154 shares in the last quarter. Providence First Trust Co purchased a new stake in Paypal during the third quarter worth $2,066,000. New World Advisors LLC boosted its holdings in Paypal by 10.3% during the third quarter. New World Advisors LLC now owns 2,138 shares of the credit services provider’s stock worth $221,000 after buying an additional 200 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Paypal by 455.5% during the third quarter. Tower Research Capital LLC TRC now owns 18,860 shares of the credit services provider’s stock worth $1,953,000 after buying an additional 15,465 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in Paypal during the third quarter worth $7,833,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.
PYPL traded up $1.22 during midday trading on Monday, hitting $102.64. 529,372 shares of the company traded hands, compared to its average volume of 6,845,562. The business has a 50 day simple moving average of $102.75 and a two-hundred day simple moving average of $109.33. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $118.58 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 2.39 and a beta of 0.96. Paypal Holdings Inc has a 52-week low of $75.47 and a 52-week high of $121.48.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.35 billion. Paypal had a net margin of 14.89% and a return on equity of 16.73%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that Paypal Holdings Inc will post 2.3 earnings per share for the current year.
PYPL has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $128.00 price target on shares of Paypal in a report on Thursday, October 24th. BTIG Research set a $130.00 price target on shares of Paypal and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird increased their price target on shares of Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Craig Hallum lowered their price target on shares of Paypal from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Morgan Stanley set a $129.00 price target on shares of Paypal and gave the stock a “buy” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.10.
In other news, CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $104.10, for a total value of $3,123,000.00. Following the transaction, the chief executive officer now directly owns 437,308 shares of the company’s stock, valued at $45,523,762.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Auerbach sold 2,024 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the completion of the transaction, the executive vice president now directly owns 118,844 shares in the company, valued at $12,605,783.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,814 shares of company stock worth $11,278,603. Insiders own 0.15% of the company’s stock.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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