Maryland Capital Management boosted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 294,201 shares of the credit services provider’s stock after purchasing an additional 7,053 shares during the quarter. Paypal comprises 3.3% of Maryland Capital Management’s portfolio, making the stock its 6th biggest holding. Maryland Capital Management’s holdings in Paypal were worth $28,167,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Sailer Financial LLC purchased a new position in Paypal during the 4th quarter valued at approximately $26,000. Islay Capital Management LLC bought a new stake in shares of Paypal in the 4th quarter worth about $27,000. Engrave Wealth Partners LLC lifted its holdings in shares of Paypal by 54.3% in the 1st quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. HighMark Wealth Management LLC bought a new stake in shares of Paypal in the 4th quarter worth about $28,000. Finally, Key Financial Inc bought a new stake in shares of Paypal in the 1st quarter worth about $28,000. 82.84% of the stock is currently owned by institutional investors.
Shares of NASDAQ PYPL traded up $1.51 during trading on Tuesday, reaching $156.04. The company had a trading volume of 2,435,346 shares, compared to its average volume of 10,197,446. The stock has a market capitalization of $181.98 billion, a PE ratio of 98.39, a price-to-earnings-growth ratio of 3.69 and a beta of 1.18. The stock has a 50-day moving average price of $131.58 and a two-hundred day moving average price of $114.22. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $155.97. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.72 billion. Paypal had a net margin of 10.27% and a return on equity of 16.06%. Paypal’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. On average, sell-side analysts predict that Paypal Holdings Inc will post 2.4 EPS for the current year.
PYPL has been the subject of several analyst reports. BMO Capital Markets lowered shares of Paypal from an “outperform” rating to a “market perform” rating and set a $156.00 target price for the company. in a report on Thursday, May 14th. Wedbush raised their price target on shares of Paypal from $160.00 to $176.00 and gave the stock an “outperform” rating in a research note on Monday. Moffett Nathanson reaffirmed a “buy” rating and issued a $170.00 price target on shares of Paypal in a research note on Thursday, May 28th. Stephens raised their price target on shares of Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Barclays raised their price target on shares of Paypal from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Paypal currently has an average rating of “Buy” and an average price target of $143.76.
In related news, CEO Daniel H. Schulman sold 25,000 shares of the firm’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 transaction of $2,415,750.00. Following the transaction, the chief executive officer now owns 620,703 shares in the company, valued at $59,978,530.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 75,000 shares of company stock valued at $9,086,250. Corporate insiders own 0.12% 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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