Lehman & Derafelo Financial Resources LLC bought a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,197 shares of the credit services provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Paypal by 1.5% during the 1st quarter. BlackRock Inc. now owns 75,224,392 shares of the credit services provider’s stock worth $7,201,983,000 after acquiring an additional 1,133,000 shares in the last quarter. Edgewood Management LLC raised its position in shares of Paypal by 1.7% during the 1st quarter. Edgewood Management LLC now owns 17,320,035 shares of the credit services provider’s stock worth $1,658,220,000 after acquiring an additional 288,487 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Paypal by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 16,752,120 shares of the credit services provider’s stock worth $1,600,592,000 after acquiring an additional 180,069 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Paypal by 7.7% during the 1st quarter. Nuveen Asset Management LLC now owns 15,395,692 shares of the credit services provider’s stock worth $1,473,983,000 after acquiring an additional 1,099,844 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Paypal by 154.8% during the 1st quarter. Capital Research Global Investors now owns 14,602,398 shares of the credit services provider’s stock worth $1,398,034,000 after acquiring an additional 8,872,484 shares in the last quarter. 82.75% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on PYPL. Nomura Securities cut their price target on Paypal from $139.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Deutsche Bank lifted their price target on Paypal from $183.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on Paypal from $192.00 to $212.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays lifted their price target on Paypal from $199.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Rosenblatt Securities lifted their price target on Paypal from $196.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, thirty-four 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 price target of $190.13.

In other news, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $155.67, for a total value of $3,891,750.00. Following the completion of the transaction, the chief executive officer now directly owns 546,103 shares of the company’s stock, valued at $85,011,854.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 75,000 shares of company stock valued at $10,562,250. Insiders own 0.12% of the company’s stock.

Shares of NASDAQ PYPL traded up $3.56 during trading on Friday, reaching $196.07. The company had a trading volume of 10,865,370 shares, compared to its average volume of 7,571,171. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $198.66. The stock has a market capitalization of $230.18 billion, a PE ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. The stock has a 50-day moving average price of $172.13 and a two-hundred day moving average price of $133.02. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.46. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The company had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, sell-side analysts predict that Paypal Holdings Inc will post 2.38 EPS for the current year.

Paypal Company Profile

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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