Cambridge Investment Research Advisors Inc. Increases Position in PayPal (PYPL)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of PayPal (NASDAQ:PYPL) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,501 shares of the credit services provider’s stock after acquiring an additional 8,410 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PayPal were worth $5,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cigna Investments Inc. New grew its stake in shares of PayPal by 1.4% in the 4th quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock valued at $3,468,000 after buying an additional 641 shares during the period. Waldron LP grew its stake in shares of PayPal by 16.9% in the 4th quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock valued at $328,000 after buying an additional 646 shares during the period. Comerica Securities Inc. grew its stake in shares of PayPal by 3.7% in the 1st quarter. Comerica Securities Inc. now owns 18,987 shares of the credit services provider’s stock valued at $1,441,000 after buying an additional 673 shares during the period. Harvest Fund Management Co. Ltd grew its stake in shares of PayPal by 24.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 3,553 shares of the credit services provider’s stock valued at $269,000 after buying an additional 690 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of PayPal by 13.8% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,760 shares of the credit services provider’s stock valued at $424,000 after buying an additional 700 shares during the period. 78.26% of the stock is owned by institutional investors.

In other news, Director David M. Moffett sold 3,808 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total value of $296,490.88. Following the sale, the director now directly owns 66,320 shares in the company, valued at approximately $5,163,675.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Ready sold 72,000 shares of the firm’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $75.32, for a total transaction of $5,423,040.00. The disclosure for this sale can be found here. Insiders sold a total of 201,964 shares of company stock worth $15,385,614 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Several analysts have recently weighed in on PYPL shares. ValuEngine raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Cantor Fitzgerald reissued a “buy” rating and issued a $85.00 price target on shares of PayPal in a research note on Thursday, February 1st. Stifel Nicolaus increased their price target on shares of PayPal from $79.00 to $82.00 and gave the company a “hold” rating in a research note on Thursday, April 26th. JPMorgan Chase increased their price target on shares of PayPal from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Finally, Loop Capital increased their price target on shares of PayPal to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.34.

PayPal opened at $81.25 on Tuesday, MarketBeat.com reports. The company has a market cap of $95.93 billion, a price-to-earnings ratio of 58.45, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28. PayPal has a 52-week low of $49.35 and a 52-week high of $86.32.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. equities analysts predict that PayPal will post 1.71 earnings per share for the current year.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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