New Hampshire Trust grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,936 shares of the credit services provider’s stock after buying an additional 207 shares during the period. New Hampshire Trust’s holdings in PayPal were worth $2,671,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Brighton Jones LLC increased its stake in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of PayPal in the 4th quarter valued at $248,000. Golden State Wealth Management LLC grew its holdings in shares of PayPal by 299.0% during the first quarter. Golden State Wealth Management LLC now owns 3,575 shares of the credit services provider’s stock worth $233,000 after buying an additional 2,679 shares in the last quarter. PDS Planning Inc grew its holdings in shares of PayPal by 10.0% during the first quarter. PDS Planning Inc now owns 3,406 shares of the credit services provider’s stock worth $222,000 after buying an additional 309 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in PayPal by 41.7% during the first quarter. Transcend Capital Advisors LLC now owns 3,522 shares of the credit services provider’s stock worth $230,000 after purchasing an additional 1,037 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.
PayPal Stock Up 0.2%
PayPal stock opened at $69.77 on Friday. The company’s 50-day moving average price is $68.94 and its two-hundred day moving average price is $69.83. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a market cap of $66.66 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.
Analysts Set New Price Targets
Several research firms recently issued reports on PYPL. Rothschild & Co Redburn upped their target price on PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. BMO Capital Markets restated a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Canaccord Genuity Group restated a “buy” rating and set a $96.00 target price on shares of PayPal in a report on Wednesday, July 30th. The Goldman Sachs Group set a $70.00 price target on shares of PayPal and gave the company a “sell” rating in a research note on Monday, October 13th. Finally, Macquarie reiterated an “outperform” rating and set a $95.00 price target on shares of PayPal in a report on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $82.46.
Get Our Latest Analysis on PayPal
Insider Buying and Selling at PayPal
In other news, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
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.
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