Paypal Holdings Inc (PYPL) Shares Bought by Tirschwell & Loewy Inc.
Tirschwell & Loewy Inc. raised its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,245 shares of the credit services provider’s stock after purchasing an additional 3,300 shares during the quarter. Paypal accounts for 1.8% of Tirschwell & Loewy Inc.’s portfolio, making the stock its 26th largest position. Tirschwell & Loewy Inc.’s holdings in Paypal were worth $12,798,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of PYPL. Bank of New York Mellon Corp boosted its stake in shares of Paypal by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 10,475,292 shares of the credit services provider’s stock worth $920,150,000 after buying an additional 164,713 shares during the last quarter. Blue Fin Capital Inc. raised its holdings in Paypal by 33.8% in the 3rd quarter. Blue Fin Capital Inc. now owns 15,122 shares of the credit services provider’s stock worth $1,328,000 after purchasing an additional 3,822 shares during the period. Fifth Third Bancorp raised its holdings in Paypal by 3.6% in the 3rd quarter. Fifth Third Bancorp now owns 27,354 shares of the credit services provider’s stock worth $2,403,000 after purchasing an additional 953 shares during the period. Capital International Inc. CA acquired a new position in Paypal in the 3rd quarter worth about $251,000. Finally, Capital Bank & Trust Co raised its holdings in Paypal by 25.4% in the 3rd quarter. Capital Bank & Trust Co now owns 4,714 shares of the credit services provider’s stock worth $414,000 after purchasing an additional 956 shares during the period. Institutional investors and hedge funds own 81.33% of the company’s stock.
A number of brokerages have commented on PYPL. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Tuesday, April 2nd. Morgan Stanley increased their target price on Paypal from $99.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Bank of America reissued a “buy” rating and set a $116.00 target price (up previously from $102.00) on shares of Paypal in a report on Friday, March 15th. Nomura increased their target price on Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Buckingham Research cut Paypal from a “buy” rating to a “neutral” rating and set a $99.00 target price for the company. in a report on Monday, February 25th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $99.69.
PYPL stock opened at $107.51 on Thursday. The company has a market capitalization of $125.45 billion, a PE ratio of 60.06, a P/E/G ratio of 2.78 and a beta of 1.03. Paypal Holdings Inc has a 1 year low of $70.22 and a 1 year high of $107.77.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.23 billion. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, sell-side analysts predict that Paypal Holdings Inc will post 2.15 EPS for the current fiscal year.
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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