Nicholas Hoffman & Company LLC. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,784 shares of the credit services provider’s stock after purchasing an additional 42 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in PayPal were worth $811,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Permanens Capital L.P. acquired a new stake in PayPal in the first quarter worth about $27,000. Sawyer & Company Inc lifted its holdings in PayPal by 566.7% in the 2nd quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 85 shares during the last quarter. JTC Employer Solutions Trusteee Ltd acquired a new stake in PayPal in the 2nd quarter valued at about $38,000. Rocky Mountain Advisers LLC lifted its holdings in PayPal by 218.4% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 107 shares during the last quarter. Finally, Baldrige Asset Management LLC acquired a new stake in PayPal in the 2nd quarter valued at about $47,000. 79.05% of the stock is owned by institutional investors and hedge funds.
PYPL opened at $282.24 on Wednesday. PayPal Holdings, Inc. has a 1-year low of $171.63 and a 1-year high of $310.16. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $331.64 billion, a price-to-earnings ratio of 68.84, a P/E/G ratio of 3.89 and a beta of 1.15. The business has a 50 day moving average of $286.20 and a 200-day moving average of $269.39.
In related news, EVP Jonathan Auerbach sold 12,314 shares of the firm’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $278.64, for a total value of $3,431,172.96. Following the completion of the transaction, the executive vice president now directly owns 80,922 shares of the company’s stock, valued at $22,548,106.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Britto sold 9,000 shares of the firm’s stock in a transaction on Friday, July 30th. The stock was sold at an average price of $279.15, for a total value of $2,512,350.00. Following the completion of the transaction, the executive vice president now directly owns 122,583 shares of the company’s stock, valued at $34,219,044.45. The disclosure for this sale can be found here. Insiders sold 41,314 shares of company stock valued at $11,463,923 over the last three months. 0.10% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $360.00 price target (up from $310.00) on shares of PayPal in a report on Thursday, July 8th. Oppenheimer upped their price objective on shares of PayPal from $322.00 to $342.00 and gave the company an “outperform” rating in a research note on Friday, July 9th. Raymond James reduced their price objective on shares of PayPal from $345.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, July 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Thursday, July 29th. Finally, Royal Bank of Canada upped their price objective on shares of PayPal from $300.00 to $322.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Four research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $317.74.
PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.
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