Capital Management Associates NY increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 75.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,370 shares of the credit services provider’s stock after buying an additional 1,445 shares during the quarter. Capital Management Associates NY’s holdings in PayPal were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in PYPL. Jennison Associates LLC increased its stake in PayPal by 19.2% in the 4th quarter. Jennison Associates LLC now owns 13,229,817 shares of the credit services provider’s stock worth $3,098,423,000 after purchasing an additional 2,132,996 shares during the period. SB Management Ltd purchased a new position in PayPal in the 3rd quarter worth approximately $248,534,000. Massachusetts Financial Services Co. MA increased its stake in shares of PayPal by 13.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,044,038 shares of the credit services provider’s stock valued at $1,781,948,000 after buying an additional 1,046,599 shares during the period. Findlay Park Partners LLP purchased a new position in shares of PayPal during the third quarter valued at approximately $200,021,000. Finally, Morgan Stanley increased its stake in shares of PayPal by 11.0% during the third quarter. Morgan Stanley now owns 8,452,468 shares of the credit services provider’s stock valued at $1,665,388,000 after buying an additional 839,901 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.
PayPal stock traded down $12.93 during mid-day trading on Tuesday, reaching $260.92. 774,869 shares of the stock traded hands, compared to its average volume of 9,504,380. The stock has a market capitalization of $305.58 billion, a PE ratio of 103.34, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.38 and a quick ratio of 1.38. PayPal Holdings, Inc. has a 12-month low of $82.07 and a 12-month high of $309.14. The business’s 50-day moving average is $257.47 and its 200-day moving average is $216.29.
Several equities analysts have recently issued reports on PYPL shares. Raymond James boosted their target price on PayPal from $296.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, February 12th. Mizuho upped their price target on PayPal from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, February 4th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Thursday, November 5th. Zacks Investment Research cut PayPal from a “buy” rating to a “hold” rating and set a $241.00 price target on the stock. in a research note on Thursday, January 28th. Finally, Jefferies Financial Group upped their price target on PayPal from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, February 4th. Six analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $274.68.
In other PayPal news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction dated Friday, December 11th. The stock was sold at an average price of $212.65, for a total value of $5,316,250.00. Following the completion of the sale, the chief executive officer now owns 171,102 shares in the company, valued at $36,384,840.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel H. Schulman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $304.32, for a total value of $3,043,200.00. Following the completion of the sale, the chief executive officer now owns 150,568 shares of the company’s stock, valued at approximately $45,820,853.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,189 shares of company stock valued at $16,453,133. 0.12% of the stock is owned by company insiders.
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 and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
See Also: Equal Weight Rating
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