Cable Hill Partners LLC Acquires 109 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Cable Hill Partners LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,648 shares of the credit services provider’s stock after acquiring an additional 109 shares during the period. Cable Hill Partners LLC’s holdings in PayPal were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its holdings in shares of PayPal by 16.7% in the 1st quarter. Morgan Stanley now owns 11,454,842 shares of the credit services provider’s stock valued at $2,781,692,000 after buying an additional 1,639,951 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of PayPal by 3,435.8% in the 1st quarter. Bessemer Group Inc. now owns 1,509,795 shares of the credit services provider’s stock valued at $366,637,000 after buying an additional 1,467,095 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of PayPal in the 2nd quarter valued at about $311,152,000. Capital International Investors boosted its holdings in shares of PayPal by 59.8% in the 1st quarter. Capital International Investors now owns 2,814,907 shares of the credit services provider’s stock valued at $683,572,000 after buying an additional 1,053,250 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of PayPal by 76.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,234,494 shares of the credit services provider’s stock valued at $542,625,000 after buying an additional 969,254 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

A number of analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Thursday, July 29th. Oppenheimer lifted their target price on shares of PayPal from $322.00 to $342.00 and gave the stock an “outperform” rating in a research note on Friday, July 9th. Piper Sandler lifted their target price on shares of PayPal from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. DA Davidson assumed coverage on shares of PayPal in a research note on Wednesday, June 23rd. They issued a “buy” rating and a $325.00 target price for the company. Finally, Evercore ISI lifted their target price on shares of PayPal from $313.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, July 9th. Four analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $318.92.

In related news, CEO Daniel H. Schulman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 30th. The stock was sold at an average price of $276.81, for a total value of $2,768,100.00. Following the completion of the transaction, the chief executive officer now directly owns 245,770 shares of the company’s stock, valued at $68,031,593.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Auerbach sold 12,314 shares of the company’s stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of $278.64, for a total value of $3,431,172.96. Following the completion of the transaction, the executive vice president now directly owns 80,922 shares of the company’s stock, valued at $22,548,106.08. The disclosure for this sale can be found here. Insiders have sold 41,314 shares of company stock worth $11,463,923 over the last quarter. Insiders own 0.10% of the company’s stock.

NASDAQ:PYPL traded up $10.77 on Thursday, reaching $267.13. 339,004 shares of the company’s stock were exchanged, compared to its average volume of 7,354,709. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $313.89 billion, a price-to-earnings ratio of 62.53, a price-to-earnings-growth ratio of 3.75 and a beta of 1.15. The business has a fifty day moving average of $274.54 and a 200-day moving average of $272.27. PayPal Holdings, Inc. has a 52-week low of $174.81 and a 52-week high of $310.16.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.31. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.32 billion. PayPal had a net margin of 20.42% and a return on equity of 20.07%. During the same period in the prior year, the firm earned $1.07 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 3.48 earnings per share for the current year.

PayPal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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