IPG Investment Advisors LLC Purchases 15,601 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

IPG Investment Advisors LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 53.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,010 shares of the credit services provider’s stock after buying an additional 15,601 shares during the period. IPG Investment Advisors LLC’s holdings in PayPal were worth $2,631,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PYPL. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of PayPal by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after buying an additional 138,875 shares during the period. Dakota Wealth Management boosted its holdings in PayPal by 8.6% in the 1st quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock valued at $566,000 after purchasing an additional 387 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in PayPal by 15.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock valued at $793,000 after purchasing an additional 918 shares during the period. Covestor Ltd boosted its holdings in PayPal by 136.1% in the 1st quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 769 shares during the period. Finally, Donaldson Capital Management LLC boosted its holdings in PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 155 shares during the period. Institutional investors own 68.42% of the company’s stock.

PayPal Stock Performance

PYPL stock traded up $1.41 during mid-day trading on Monday, hitting $60.32. The company had a trading volume of 14,059,207 shares, compared to its average volume of 22,239,635. The stock’s fifty day moving average price is $61.27 and its two-hundred day moving average price is $60.03. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $80.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $66.35 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.47.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 4.32 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Peggy Alford sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $56.76, for a total transaction of $851,400.00. Following the sale, the executive vice president now owns 40,601 shares of the company’s stock, valued at approximately $2,304,512.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jonathan Auerbach sold 64,957 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $55.58, for a total transaction of $3,610,310.06. Following the sale, the insider now owns 79,051 shares in the company, valued at approximately $4,393,654.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peggy Alford sold 15,000 shares of PayPal stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $56.76, for a total value of $851,400.00. Following the sale, the executive vice president now directly owns 40,601 shares of the company’s stock, valued at approximately $2,304,512.76. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of PayPal from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday. Monness Crespi & Hardt lowered their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. William Blair restated an “outperform” rating on shares of PayPal in a research report on Thursday, November 2nd. Canaccord Genuity Group decreased their price objective on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Oppenheimer reissued a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Twenty-two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $70.90.

Read Our Latest Stock Analysis on PayPal

About PayPal

(Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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