InterOcean Capital LLC raised its position in Paypal Holdings Inc (NASDAQ:PYPL) by 12.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,049 shares of the credit services provider’s stock after purchasing an additional 569 shares during the quarter. InterOcean Capital LLC’s holdings in Paypal were worth $483,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Sailer Financial LLC bought a new stake in shares of Paypal during the fourth quarter worth $26,000. Islay Capital Management LLC acquired a new position in Paypal during the 4th quarter worth about $27,000. HighMark Wealth Management LLC acquired a new position in Paypal during the 4th quarter worth about $28,000. Sugarloaf Wealth Management LLC bought a new stake in Paypal during the 4th quarter worth about $29,000. Finally, Stonebridge Financial Planning Group LLC increased its position in Paypal by 1,000.0% in the 1st quarter. Stonebridge Financial Planning Group LLC now owns 275 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.
Shares of NASDAQ:PYPL traded up $2.64 during trading on Friday, hitting $150.86. 5,620,322 shares of the company’s stock traded hands, compared to its average volume of 10,391,105. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $120.99 and a 200-day moving average price of $111.79. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $151.08. The company has a market cap of $174.01 billion, a price-to-earnings ratio of 95.48, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the company posted $0.78 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Paypal Holdings Inc will post 2.4 earnings per share for the current fiscal year.
In related news, EVP Adele Louise Pentland sold 92,700 shares of Paypal stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $107.63, for a total value of $9,977,301.00. Following the sale, the executive vice president now owns 174,201 shares of the company’s stock, valued at approximately $18,749,253.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the sale, the chief executive officer now owns 620,703 shares in the company, valued at approximately $59,978,530.89. The disclosure for this sale can be found here. Insiders have sold 255,625 shares of company stock valued at $28,513,730 in the last three months. 0.12% of the stock is owned by insiders.
A number of brokerages recently weighed in on PYPL. Cowen raised their price target on shares of Paypal from $116.00 to $158.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Nomura Securities lowered their target price on Paypal from $139.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. BMO Capital Markets downgraded Paypal from an “outperform” rating to a “market perform” rating and set a $156.00 target price for the company. in a research report on Thursday, May 14th. Stephens raised their price target on Paypal from $132.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Raymond James boosted their price objective on Paypal from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $140.15.
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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