Xponance Inc. Increases Stock Holdings in Paypal Holdings Inc (NASDAQ:PYPL)
Xponance Inc. lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,865 shares of the credit services provider’s stock after purchasing an additional 12,989 shares during the quarter. Paypal comprises approximately 1.0% of Xponance Inc.’s portfolio, making the stock its 12th biggest position. Xponance Inc.’s holdings in Paypal were worth $41,350,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton purchased a new stake in shares of Paypal in the 2nd quarter worth about $26,000. Howe & Rusling Inc. boosted its stake in shares of Paypal by 446.4% in the 2nd quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Optimum Investment Advisors boosted its position in shares of Paypal by 344.4% during the 2nd quarter. Optimum Investment Advisors now owns 200 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Paypal in the 2nd quarter valued at about $35,000. Finally, Watson Rebecca acquired a new stake in shares of Paypal in the 2nd quarter valued at about $36,000. 83.43% of the stock is owned by hedge funds and other institutional investors.
PYPL stock traded down $6.96 during midday trading on Wednesday, hitting $193.47. The company had a trading volume of 332,179 shares, compared to its average volume of 8,709,196. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $215.83. The stock’s 50 day moving average price is $192.96 and its 200 day moving average price is $170.23. The stock has a market cap of $235.16 billion, a price-to-earnings ratio of 88.64, a PEG ratio of 3.42 and a beta of 1.11.
In other news, CAO Aaron Anderson sold 9,203 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $193.62, for a total transaction of $1,781,884.86. Following the transaction, the chief accounting officer now directly owns 20,840 shares of the company’s stock, valued at $4,035,040.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David M. Moffett sold 5,028 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $206.81, for a total value of $1,039,840.68. Following the transaction, the director now directly owns 71,470 shares in the company, valued at $14,780,710.70. The disclosure for this sale can be found here. Insiders sold 123,409 shares of company stock valued at $23,998,925 in the last quarter. Corporate insiders own 0.12% of the company’s stock.
A number of research firms have issued reports on PYPL. Raymond James lifted their price target on Paypal from $171.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Rosenblatt Securities lifted their price target on shares of Paypal from $196.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. SVB Leerink initiated coverage on shares of Paypal in a report on Friday, July 24th. They issued a “hold” rating on the stock. BTIG Research reissued a “hold” rating on shares of Paypal in a report on Wednesday, July 29th. Finally, Credit Suisse Group boosted their target price on shares of Paypal from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Six analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and a consensus price target of $201.82.
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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