Rehmann Capital Advisory Group increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,391 shares of the credit services provider’s stock after acquiring an additional 2,972 shares during the period. Rehmann Capital Advisory Group’s holdings in PayPal were worth $1,887,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Brighton Jones LLC raised its holdings in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of PayPal in the 4th quarter worth about $248,000. Oppenheimer Asset Management Inc. raised its holdings in shares of PayPal by 3.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 108,119 shares of the credit services provider’s stock worth $7,055,000 after acquiring an additional 3,407 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of PayPal by 14.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 435,276 shares of the credit services provider’s stock worth $28,402,000 after acquiring an additional 53,886 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC raised its holdings in shares of PayPal by 25.7% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 5,031 shares of the credit services provider’s stock worth $328,000 after acquiring an additional 1,028 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.
PayPal Trading Down 2.8%
Shares of PYPL stock opened at $68.07 on Thursday. The company has a 50 day moving average of $68.92 and a 200-day moving average of $69.59. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market cap of $65.03 billion, a P/E ratio of 14.54, a PEG ratio of 1.08 and a beta of 1.44.
Insider Buying and Selling
In related news, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,102 shares of company stock valued at $1,046,607. Company insiders own 0.08% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on PYPL shares. BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. KeyCorp reiterated a “sector weight” rating on shares of PayPal in a research note on Wednesday. Citigroup started coverage on shares of PayPal in a research note on Wednesday. They issued a “neutral” rating and a $78.00 price objective for the company. Finally, Sanford C. Bernstein decreased their price objective on shares of PayPal from $85.00 to $76.00 in a research note on Tuesday. Fifteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.57.
View Our Latest Analysis on PYPL
PayPal Company Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Read More
- Five stocks we like better than PayPal
- What is Short Interest? How to Use It
- Quanta Services: The Backbone of the AI Data Center Push
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Archer’s Recent String of Victories Signals a New Phase of Growth
- What is the Nasdaq? Complete Overview with History
- 3 Key Stocks Boosting Buybacks Amid Improving Fundamentals
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.