Tiedemann Advisors LLC raised its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,281 shares of the credit services provider’s stock after purchasing an additional 135 shares during the period. Tiedemann Advisors LLC’s holdings in Paypal were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sailer Financial LLC bought a new position in shares of Paypal during the fourth quarter valued at about $26,000. Islay Capital Management LLC bought a new position in shares of Paypal during the fourth quarter valued at about $27,000. Engrave Wealth Partners LLC grew its stake in shares of Paypal by 54.3% during the first quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. HighMark Wealth Management LLC bought a new position in shares of Paypal during the fourth quarter valued at about $28,000. Finally, Key Financial Inc bought a new stake in shares of Paypal in the first quarter worth about $28,000. Institutional investors and hedge funds own 83.46% of the company’s stock.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $122.67, for a total transaction of $3,066,750.00. Following the completion of the transaction, the chief executive officer now owns 594,803 shares in the company, valued at approximately $72,964,484.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John D. Rainey sold 87,925 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 229,139 shares of the company’s stock, valued at approximately $24,627,859.72. The disclosure for this sale can be found here. Insiders have sold a total of 242,074 shares of company stock valued at $26,312,054 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Shares of NASDAQ PYPL opened at $145.51 on Friday. The firm’s 50-day moving average price is $113.91 and its 200-day moving average price is $110.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $170.18 billion, a price-to-earnings ratio of 92.10, a P/E/G ratio of 3.12 and a beta of 1.11. Paypal Holdings Inc has a 12-month low of $82.07 and a 12-month high of $147.20.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the company earned $0.78 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Paypal Holdings Inc will post 2.49 EPS for the current fiscal year.

Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of Paypal from $125.00 to $152.00 in a report on Thursday, May 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Paypal from $120.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and issued a $128.00 price objective on shares of Paypal in a report on Thursday, January 30th. Canaccord Genuity boosted their price objective on shares of Paypal from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wedbush boosted their price objective on shares of Paypal from $120.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $139.56.

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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