Modus Advisors LLC Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Modus Advisors LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 117.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,874 shares of the credit services provider’s stock after purchasing an additional 1,014 shares during the period. Modus Advisors LLC’s holdings in PayPal were worth $455,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PYPL. NorthCoast Asset Management LLC raised its stake in PayPal by 144.4% in the fourth quarter. NorthCoast Asset Management LLC now owns 6,759 shares of the credit services provider’s stock valued at $1,583,000 after purchasing an additional 3,994 shares in the last quarter. Teacher Retirement System of Texas raised its stake in PayPal by 13.2% in the fourth quarter. Teacher Retirement System of Texas now owns 290,163 shares of the credit services provider’s stock valued at $67,956,000 after purchasing an additional 33,838 shares in the last quarter. Rational Advisors LLC raised its stake in PayPal by 302.4% in the fourth quarter. Rational Advisors LLC now owns 5,545 shares of the credit services provider’s stock valued at $1,299,000 after purchasing an additional 4,167 shares in the last quarter. DDD Partners LLC raised its stake in PayPal by 5.2% in the fourth quarter. DDD Partners LLC now owns 24,054 shares of the credit services provider’s stock valued at $5,633,000 after purchasing an additional 1,187 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in PayPal by 6.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 705,423 shares of the credit services provider’s stock valued at $165,210,000 after purchasing an additional 45,220 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Adele Louise Pentland sold 6,370 shares of the stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $298.00, for a total transaction of $1,898,260.00. Following the sale, the executive vice president now directly owns 52,907 shares of the company’s stock, valued at approximately $15,766,286. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel H. Schulman sold 10,000 shares of the stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $267.76, for a total transaction of $2,677,600.00. Following the sale, the chief executive officer now directly owns 147,402 shares in the company, valued at $39,468,359.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,350 shares of company stock valued at $64,563,418. 0.12% of the stock is owned by company insiders.

A number of brokerages recently weighed in on PYPL. Macquarie raised their target price on shares of PayPal from $262.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 4th. JMP Securities increased their price target on shares of PayPal from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 4th. Wedbush increased their price target on shares of PayPal from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 4th. Susquehanna increased their price target on shares of PayPal from $300.00 to $330.00 and gave the company a “positive” rating in a research report on Friday, February 12th. Finally, Credit Suisse Group increased their price target on shares of PayPal from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 4th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $274.68.

Shares of PayPal stock traded up $5.18 during trading on Thursday, hitting $260.78. The company’s stock had a trading volume of 182,973 shares, compared to its average volume of 9,520,450. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.38. The company has a fifty day simple moving average of $253.26 and a two-hundred day simple moving average of $228.13. The company has a market capitalization of $305.42 billion, a PE ratio of 96.45, a P/E/G ratio of 3.53 and a beta of 1.12. PayPal Holdings, Inc. has a 52 week low of $100.75 and a 52 week high of $309.14.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.08. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.09 billion. PayPal had a net margin of 15.48% and a return on equity of 18.31%. PayPal’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 2.8 EPS for the current year.

PayPal 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, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

See Also: Balanced Fund

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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