Acadian Asset Management LLC Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Acadian Asset Management LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,616 shares of the credit services provider’s stock after acquiring an additional 7,970 shares during the period. Acadian Asset Management LLC’s holdings in PayPal were worth $12,535,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Marcum Wealth LLC purchased a new stake in shares of PayPal during the first quarter worth $366,000. Chilton Investment Co. LLC lifted its position in shares of PayPal by 110.9% during the first quarter. Chilton Investment Co. LLC now owns 134,047 shares of the credit services provider’s stock worth $32,552,000 after acquiring an additional 70,492 shares in the last quarter. Holderness Investments Co. lifted its position in shares of PayPal by 1.6% during the first quarter. Holderness Investments Co. now owns 3,148 shares of the credit services provider’s stock worth $764,000 after acquiring an additional 51 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in shares of PayPal by 23.2% in the first quarter. Jacobi Capital Management LLC now owns 2,420 shares of the credit services provider’s stock worth $588,000 after purchasing an additional 456 shares during the period. Finally, River Wealth Advisors LLC increased its holdings in shares of PayPal by 6.7% in the first quarter. River Wealth Advisors LLC now owns 1,114 shares of the credit services provider’s stock worth $271,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 79.19% of the company’s stock.

In other PayPal news, CEO Daniel H. Schulman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 18th. The shares were sold at an average price of $245.55, for a total value of $2,455,500.00. Also, CAO Jeffrey William Karbowski sold 1,800 shares of the firm’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $255.70, for a total transaction of $460,260.00. Following the completion of the sale, the chief accounting officer now owns 7,936 shares of the company’s stock, valued at $2,029,235.20. The disclosure for this sale can be found here. Insiders sold 49,042 shares of company stock valued at $12,695,319 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of PayPal from a “hold” rating to a “buy” rating and set a $263.00 price target on the stock in a report on Wednesday, May 5th. KeyCorp upped their price target on shares of PayPal from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, February 12th. Rosenblatt Securities upped their price target on shares of PayPal from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, April 20th. Loop Capital upped their price target on shares of PayPal from $291.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Finally, Oddo Bhf assumed coverage on shares of PayPal in a report on Wednesday, April 7th. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating, thirty-five 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 a consensus target price of $284.80.

PayPal stock opened at $269.47 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $258.66. The stock has a market capitalization of $316.55 billion, a price-to-earnings ratio of 61.38, a P/E/G ratio of 3.32 and a beta of 1.15. PayPal Holdings, Inc. has a 1-year low of $151.89 and a 1-year high of $309.14.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, May 5th. The credit services provider reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.21. PayPal had a net margin of 22.80% and a return on equity of 20.21%. During the same quarter last year, the company earned $0.66 earnings per share. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.51 earnings per share for the current year.

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, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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