Rossmore Private Capital raised its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 28.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,161 shares of the credit services provider’s stock after acquiring an additional 925 shares during the period. Rossmore Private Capital’s holdings in Paypal were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Paypal by 3.0% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,885 shares of the credit services provider’s stock worth $312,000 after buying an additional 84 shares during the period. Tradition Asset Management LLC increased its stake in Paypal by 2.9% during the 1st quarter. Tradition Asset Management LLC now owns 2,995 shares of the credit services provider’s stock worth $286,000 after buying an additional 85 shares during the period. HCR Wealth Advisors increased its stake in Paypal by 2.8% during the 4th quarter. HCR Wealth Advisors now owns 3,298 shares of the credit services provider’s stock worth $357,000 after buying an additional 90 shares during the period. Roundview Capital LLC increased its stake in Paypal by 0.3% during the 4th quarter. Roundview Capital LLC now owns 26,775 shares of the credit services provider’s stock worth $2,896,000 after buying an additional 90 shares during the period. Finally, Greenwich Wealth Management LLC increased its stake in Paypal by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 27,996 shares of the credit services provider’s stock worth $3,028,000 after buying an additional 91 shares during the period. Institutional investors own 83.46% of the company’s stock.

In related news, CFO John D. Rainey sold 5,460 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $122.63, for a total transaction of $669,559.80. Following the transaction, the chief financial officer now directly owns 107,845 shares of the company’s stock, valued at $13,225,032.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John D. Rainey sold 87,925 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $107.48, for a total transaction of $9,450,179.00. Following the transaction, the chief financial officer now directly owns 229,139 shares in the company, valued at $24,627,859.72. The disclosure for this sale can be found here. Insiders have sold 242,074 shares of company stock worth $26,312,054 in the last 90 days. 0.12% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Macquarie assumed coverage on shares of Paypal in a research report on Thursday, March 19th. They issued an “outperform” rating and a $122.00 target price for the company. DZ Bank downgraded shares of Paypal from a “buy” rating to a “hold” rating and set a $121.00 target price for the company. in a research report on Tuesday, April 28th. Cowen boosted their target price on shares of Paypal from $116.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, BTIG Research reissued a “buy” rating and issued a $172.00 target price (up previously from $130.00) on shares of Paypal in a research report on Sunday, May 10th. Five research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Paypal presently has a consensus rating of “Buy” and an average target price of $139.56.

Shares of PYPL stock traded up $1.10 during trading hours on Friday, reaching $145.51. 8,361,165 shares of the stock traded hands, compared to its average volume of 9,824,204. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $147.20. The business has a fifty day moving average price of $113.91 and a 200 day moving average price of $110.37. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $170.18 billion, a PE ratio of 92.10, a PEG ratio of 3.12 and a beta of 1.11.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. Research analysts expect that Paypal Holdings Inc will post 2.49 earnings per share for the current fiscal 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, 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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