Hosking Partners LLP increased its position in shares of PayPal (NASDAQ:PYPL) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,603,931 shares of the credit services provider’s stock after purchasing an additional 67,778 shares during the period. PayPal accounts for 2.7% of Hosking Partners LLP’s portfolio, making the stock its 7th largest holding. Hosking Partners LLP’s holdings in PayPal were worth $121,690,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in PYPL. Buckingham Capital Management Inc. raised its position in shares of PayPal by 7.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock valued at $3,033,000 after purchasing an additional 3,268 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of PayPal by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,804,671 shares of the credit services provider’s stock valued at $280,100,000 after purchasing an additional 139,758 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of PayPal during the 4th quarter valued at $282,000. First Quadrant L P CA raised its position in shares of PayPal by 8.6% during the 4th quarter. First Quadrant L P CA now owns 25,257 shares of the credit services provider’s stock valued at $1,859,000 after purchasing an additional 2,003 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of PayPal during the 4th quarter valued at $131,000. Hedge funds and other institutional investors own 78.26% of the company’s stock.
In related news, insider Daniel H. Schulman sold 26,000 shares of PayPal stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $74.12, for a total transaction of $1,927,120.00. Following the completion of the transaction, the insider now directly owns 364,797 shares of the company’s stock, valued at approximately $27,038,753.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Adele Louise Pentland sold 16,778 shares of PayPal stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $77.76, for a total transaction of $1,304,657.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,156 shares of company stock valued at $15,089,123. 0.20% of the stock is owned by corporate insiders.
PayPal opened at $81.55 on Friday, Marketbeat Ratings reports. PayPal has a 12 month low of $50.64 and a 12 month high of $86.32. The stock has a market cap of $96.27 billion, a P/E ratio of 58.67, a PEG ratio of 2.68 and a beta of 1.28.
PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. analysts predict that PayPal will post 1.71 earnings per share for the current year.
Several brokerages have recently commented on PYPL. Stifel Nicolaus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $93.00 price objective on shares of PayPal in a research report on Friday. Zacks Investment Research downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Craig Hallum set a $93.00 price objective on shares of PayPal and gave the company a “buy” rating in a research report on Friday, May 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. PayPal currently has a consensus rating of “Buy” and a consensus price target of $81.67.
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.
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