Wincap Financial LLC Invests $682,000 in PayPal Holdings, Inc. $PYPL

Wincap Financial LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. The fund bought 9,181 shares of the credit services provider’s stock, valued at approximately $682,000.

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. AQR Capital Management LLC grew its holdings in shares of PayPal by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock worth $224,001,000 after purchasing an additional 476,763 shares during the period. Thompson Investment Management Inc. lifted its position in PayPal by 2.8% during the second quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock valued at $11,519,000 after buying an additional 4,165 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in PayPal during the second quarter worth approximately $325,000. Allianz SE increased its position in shares of PayPal by 281.8% in the first quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock worth $1,980,000 after acquiring an additional 22,392 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PayPal in the first quarter worth $529,264,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.7%

NASDAQ:PYPL opened at $70.25 on Tuesday. The stock has a market cap of $67.12 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The business’s 50-day simple moving average is $68.95 and its 200 day simple moving average is $69.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the firm earned $1.19 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Seaport Res Ptn raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. Rothschild & Co Redburn increased their target price on PayPal from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Canaccord Genuity Group reissued a “buy” rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, July 30th. Finally, Truist Financial set a $65.00 price target on PayPal in a report on Friday. Fifteen equities 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $82.46.

PayPal 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.