WealthTrust Axiom LLC Has $218,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

WealthTrust Axiom LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 38.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,889 shares of the credit services provider’s stock after purchasing an additional 520 shares during the period. WealthTrust Axiom LLC’s holdings in PayPal were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PYPL. State Street Corp raised its holdings in PayPal by 2.8% in the 4th quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock valued at $8,766,966,000 after acquiring an additional 1,257,110 shares in the last quarter. Geode Capital Management LLC raised its holdings in PayPal by 1.6% in the 4th 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 acquiring an additional 304,806 shares in the last quarter. Fisher Asset Management LLC raised its holdings in PayPal by 16.0% in the 1st 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 acquiring an additional 2,308,557 shares in the last quarter. Fundsmith LLP raised its holdings in PayPal by 5.9% in the 4th quarter. Fundsmith LLP now owns 13,019,452 shares of the credit services provider’s stock valued at $2,455,208,000 after acquiring an additional 730,632 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in PayPal by 14.7% in the 4th quarter. Alliancebernstein L.P. now owns 10,280,330 shares of the credit services provider’s stock valued at $1,938,665,000 after acquiring an additional 1,315,555 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 1.7 %

NASDAQ PYPL opened at $95.32 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $110.24 billion, a PE ratio of 54.78, a PEG ratio of 2.44 and a beta of 1.49. PayPal Holdings, Inc. has a 1 year low of $67.58 and a 1 year high of $296.70. The business’s 50-day moving average is $79.13 and its 200 day moving average is $98.21.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PYPL. Cowen lowered their price target on PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Barclays boosted their price target on PayPal from $125.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday. Credit Suisse Group boosted their price target on PayPal from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on PayPal from $127.00 to $112.00 in a research report on Wednesday, July 20th. Finally, William Blair restated an “outperform” rating on shares of PayPal in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.43.

Insider Buying and Selling

In related news, EVP Peggy Alford sold 21,791 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the sale, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at $1,770,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

PayPal 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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