Moody National Bank Trust Division grew its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 47.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,171 shares of the credit services provider’s stock after buying an additional 698 shares during the period. Moody National Bank Trust Division’s holdings in Paypal were worth $226,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PYPL. Truehand Inc purchased a new stake in Paypal during the 4th quarter worth $25,000. Bruderman Asset Management LLC purchased a new stake in Paypal during the 4th quarter worth $27,000. Karp Capital Management Corp purchased a new stake in Paypal during the 4th quarter worth $37,000. Virtus ETF Advisers LLC boosted its position in Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 113 shares during the period. Finally, Liberty Wealth Management LLC purchased a new stake in Paypal during the 4th quarter worth $39,000. 81.34% of the stock is owned by hedge funds and other institutional investors.
In other Paypal news, EVP Adele Louise Pentland sold 3,056 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.08, for a total value of $272,228.48. Following the completion of the sale, the executive vice president now owns 55,963 shares in the company, valued at approximately $4,985,184.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Aaron Karczmer sold 3,677 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total transaction of $347,255.88. Following the completion of the sale, the executive vice president now owns 11,399 shares of the company’s stock, valued at approximately $1,076,521.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,295 shares of company stock valued at $26,469,952. 0.20% of the stock is owned by insiders.
A number of brokerages have commented on PYPL. Loop Capital boosted their price objective on shares of Paypal to $100.00 and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Tuesday, April 2nd. Morgan Stanley boosted their price objective on shares of Paypal from $99.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Bank of America reiterated a “buy” rating and issued a $116.00 price objective (up previously from $102.00) on shares of Paypal in a report on Friday, March 15th. Finally, Nomura boosted their price objective on shares of Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 28th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Paypal presently has an average rating of “Buy” and an average target price of $100.12.
Shares of NASDAQ:PYPL opened at $108.20 on Wednesday. The company has a market cap of $126.76 billion, a P/E ratio of 60.45, a price-to-earnings-growth ratio of 2.83 and a beta of 1.03. Paypal Holdings Inc has a 1-year low of $70.22 and a 1-year high of $109.00.
Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that Paypal Holdings Inc will post 2.15 EPS for the current fiscal year.
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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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