Eschler Asset Management LLP cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,730 shares of the credit services provider’s stock after selling 3,604 shares during the quarter. Eschler Asset Management LLP’s holdings in PayPal were worth $431,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Intelligent Financial Strategies acquired a new stake in PayPal during the fourth quarter worth approximately $37,000. Addison Advisors LLC boosted its position in PayPal by 100.7% during the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Vectors Research Management LLC boosted its position in PayPal by 116.5% during the fourth quarter. Vectors Research Management LLC now owns 301 shares of the credit services provider’s stock worth $57,000 after acquiring an additional 162 shares during the last quarter. Disciplined Investments LLC boosted its position in PayPal by 82.9% during the first quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 141 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in PayPal during the fourth quarter worth approximately $61,000. 70.67% of the stock is currently owned by institutional investors and hedge funds.
PayPal Trading Up 0.1 %
NASDAQ PYPL opened at $96.23 on Friday. PayPal Holdings, Inc. has a one year low of $67.58 and a one year high of $289.00. The company has a 50-day simple moving average of $87.94 and a 200-day simple moving average of $91.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $111.29 billion, a PE ratio of 55.30, a price-to-earnings-growth ratio of 2.06 and a beta of 1.45.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of PayPal from $124.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. UBS Group decreased their price target on shares of PayPal from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Citigroup lifted their price target on shares of PayPal to $122.00 in a report on Tuesday, August 9th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $94.00 to $114.00 in a report on Wednesday, August 31st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of PayPal from $108.00 to $98.00 in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.93.
Insider Buying and Selling at PayPal
In other PayPal news, EVP Peggy Alford sold 21,791 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the transaction, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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