Atria Wealth Solutions Inc. Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atria Wealth Solutions Inc. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) in the first quarter, HoldingsChannel reports. The institutional investor purchased 70,309 shares of the credit services provider’s stock, valued at approximately $8,132,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in PayPal by 0.4% in the first quarter. Vanguard Group Inc. now owns 94,427,651 shares of the credit services provider’s stock valued at $10,920,558,000 after purchasing an additional 349,411 shares during the period. BlackRock Inc. increased its stake in PayPal by 3.0% in the first quarter. BlackRock Inc. now owns 78,254,181 shares of the credit services provider’s stock valued at $9,050,097,000 after purchasing an additional 2,266,699 shares during the period. State Street Corp increased its stake in PayPal by 2.8% in the fourth quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock valued at $8,766,966,000 after purchasing an additional 1,257,110 shares during the period. Geode Capital Management LLC increased its stake in PayPal by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 19,184,985 shares of the credit services provider’s stock valued at $3,608,177,000 after purchasing an additional 304,806 shares during the period. Finally, Fisher Asset Management LLC increased its stake in PayPal by 16.0% in the first quarter. Fisher Asset Management LLC now owns 16,777,545 shares of the credit services provider’s stock valued at $1,940,323,000 after purchasing an additional 2,308,557 shares during the period. 70.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 18,100 shares of the company’s stock, valued at $1,770,542. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of PayPal from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Citigroup boosted their price target on shares of PayPal to $122.00 in a research note on Tuesday, August 9th. Sumitomo Mitsui Financial Group upgraded shares of PayPal from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $90.00 to $100.00 in a research note on Wednesday, August 3rd. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $94.00 to $114.00 in a research note on Wednesday, August 31st. Finally, Morgan Stanley boosted their price target on shares of PayPal from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.93.

PayPal Stock Performance

Shares of PYPL opened at $96.23 on Friday. 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 company has a market capitalization of $111.29 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 2.06 and a beta of 1.45. The company’s 50 day simple moving average is $87.94 and its 200 day simple moving average is $91.17. PayPal Holdings, Inc. has a 1 year low of $67.58 and a 1 year high of $289.00.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.11. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 2.88 EPS for the current year.

PayPal Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.