PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Increased by Triumph Capital Management

Triumph Capital Management raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 204.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,195 shares of the credit services provider’s stock after acquiring an additional 12,897 shares during the quarter. Triumph Capital Management’s holdings in PayPal were worth $1,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in PayPal by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 903,876 shares of the credit services provider’s stock worth $55,507,000 after purchasing an additional 11,154 shares in the last quarter. Arnhold LLC acquired a new position in shares of PayPal in the 4th quarter worth approximately $8,850,000. Waycross Partners LLC increased its holdings in shares of PayPal by 0.6% in the 4th quarter. Waycross Partners LLC now owns 81,993 shares of the credit services provider’s stock valued at $5,035,000 after acquiring an additional 499 shares during the last quarter. Avory & Company LLC acquired a new stake in shares of PayPal during the 4th quarter valued at approximately $253,000. Finally, Certuity LLC lifted its stake in PayPal by 12.4% during the fourth quarter. Certuity LLC now owns 7,563 shares of the credit services provider’s stock worth $464,000 after purchasing an additional 836 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $2.22 on Wednesday, reaching $65.70. 10,541,124 shares of the company traded hands, compared to its average volume of 16,516,607. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $69.16 billion, a PE ratio of 17.11, a P/E/G ratio of 1.25 and a beta of 1.45. The company’s 50 day moving average is $63.21 and its 200-day moving average is $60.35. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on PYPL. Royal Bank of Canada increased their target price on shares of PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday. Robert W. Baird raised their target price on shares of PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group lowered their target price on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Stephens raised their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, TD Cowen boosted their price objective on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday. Twenty-four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $72.58.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.