PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,735 shares of the credit services provider’s stock after purchasing an additional 8,450 shares during the period. John G Ullman & Associates Inc.’s holdings in PayPal were worth $3,198,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of PayPal in the fourth quarter valued at $749,561,000. The Manufacturers Life Insurance Company lifted its position in shares of PayPal by 125.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after acquiring an additional 958,130 shares in the last quarter. Boston Partners lifted its position in shares of PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after acquiring an additional 764,258 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of PayPal by 1,309.2% in the fourth quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock valued at $49,168,000 after acquiring an additional 743,833 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of PayPal by 6,724.3% in the fourth quarter. International Assets Investment Management LLC now owns 658,070 shares of the credit services provider’s stock valued at $40,412,000 after acquiring an additional 648,427 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

PayPal Stock Up 1.9 %

PYPL stock traded up $1.09 during midday trading on Thursday, hitting $59.99. 13,070,562 shares of the company’s stock were exchanged, compared to its average volume of 14,762,607. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The firm has a 50 day moving average price of $62.02 and a 200-day moving average price of $62.25. The stock has a market capitalization of $62.75 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on PYPL shares. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Thursday. Stephens increased their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. BMO Capital Markets increased their target price on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $69.00 target price on shares of PayPal in a research report on Monday, June 24th. Twenty research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.82.

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.