Triangle Securities Wealth Management Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Triangle Securities Wealth Management purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,232 shares of the credit services provider’s stock, valued at approximately $1,762,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Level Financial Advisors Inc. acquired a new position in shares of PayPal during the fourth quarter valued at about $25,000. LFA Lugano Financial Advisors SA acquired a new position in PayPal during the 4th quarter valued at about $26,000. Curi Wealth Management LLC purchased a new stake in shares of PayPal in the fourth quarter worth approximately $30,000. Disciplined Investments LLC raised its stake in shares of PayPal by 203.6% in the fourth quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 114 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $36,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

PYPL has been the topic of a number of analyst reports. BMO Capital Markets cut their price objective on shares of PayPal from $183.00 to $114.00 in a report on Thursday, April 28th. Cowen cut their price objective on PayPal from $174.00 to $104.00 in a research report on Thursday, April 28th. Canaccord Genuity Group dropped their target price on shares of PayPal from $215.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, April 28th. Cowen reduced their price objective on PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Finally, Wedbush lowered their target price on PayPal from $170.00 to $110.00 in a research note on Thursday, April 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.71.

In other news, EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the completion of the transaction, the executive vice president now directly owns 39,891 shares of the company’s stock, valued at $3,403,500.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Enrique Lores bought 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was acquired at an average cost of $88.13 per share, for a total transaction of $96,943.00. Following the completion of the purchase, the director now directly owns 5,235 shares of the company’s stock, valued at $461,360.55. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company’s stock.

NASDAQ PYPL opened at $72.97 on Thursday. The company has a 50-day simple moving average of $83.65 and a two-hundred day simple moving average of $122.52. PayPal Holdings, Inc. has a 12-month low of $70.47 and a 12-month high of $310.16. The firm has a market cap of $84.50 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.55 and a beta of 1.40. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.40.

PayPal (NASDAQ:PYPLGet Rating) last issued its earnings results on Wednesday, April 27th. The credit services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). PayPal had a net margin of 13.87% and a return on equity of 17.90%. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. Equities analysts expect that PayPal Holdings, Inc. will post 2.69 earnings per share for the current fiscal year.

PayPal Company 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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