Triumph Capital Management Purchases 12,897 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Triumph Capital Management grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 204.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,195 shares of the credit services provider’s stock after purchasing an additional 12,897 shares during the period. Triumph Capital Management’s holdings in PayPal were worth $1,179,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PYPL. Nordea Investment Management AB increased its stake in PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after acquiring an additional 2,616,774 shares during the last quarter. FMR LLC increased its position in shares of PayPal by 29.5% in the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after purchasing an additional 1,575,930 shares during the last quarter. LSV Asset Management raised its stake in PayPal by 271.6% in the third quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock valued at $89,637,000 after purchasing an additional 1,120,700 shares in the last quarter. Morgan Stanley raised its stake in PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in PayPal by 56.5% during the third quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider’s stock valued at $140,030,000 after purchasing an additional 864,684 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. BMO Capital Markets raised their price objective on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Sanford C. Bernstein upped their price objective on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Finally, Canaccord Genuity Group decreased their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Twenty-four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.58.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Down 3.3 %

NASDAQ PYPL traded down $2.22 during mid-day trading on Wednesday, reaching $65.70. The stock had a trading volume of 10,541,124 shares, compared to its average volume of 16,516,607. The company has a fifty day moving average price of $63.21 and a 200 day moving average price of $60.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The stock has a market cap of $69.16 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its 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 20.84% and a net margin of 14.26%. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the firm posted $0.86 EPS. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

About PayPal

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.