Gibraltar Capital Management Inc. Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Gibraltar Capital Management Inc. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.0% during the first quarter, Holdings Channel reports. The fund owned 123,374 shares of the credit services provider’s stock after acquiring an additional 27,701 shares during the period. PayPal comprises 3.8% of Gibraltar Capital Management Inc.’s holdings, making the stock its 10th biggest holding. Gibraltar Capital Management Inc.’s holdings in PayPal were worth $8,265,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PYPL. Norges Bank purchased a new stake in PayPal in the fourth quarter worth about $749,561,000. Charles Schwab Investment Management Inc. increased its holdings in PayPal by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after acquiring an additional 265,116 shares during the last quarter. First Trust Advisors LP increased its holdings in PayPal by 1.7% in the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock valued at $225,283,000 after acquiring an additional 61,384 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of PayPal by 11.9% in the 4th quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after buying an additional 306,613 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of PayPal by 17.3% in the 1st quarter. LSV Asset Management now owns 2,480,900 shares of the credit services provider’s stock worth $166,195,000 after buying an additional 365,300 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

PYPL has been the topic of several analyst reports. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Wells Fargo & Company boosted their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a research report on Monday, June 24th. Sanford C. Bernstein upped their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Finally, Stephens boosted their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus price target of $73.82.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $0.28 during trading on Friday, hitting $60.27. The company had a trading volume of 8,166,185 shares, compared to its average volume of 11,280,683. The stock has a fifty day simple moving average of $61.92 and a two-hundred day simple moving average of $62.24. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The firm has a market capitalization of $63.05 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

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.