J.W. Cole Advisors Inc. Has $2.42 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)


Share on StockTwits

J.W. Cole Advisors Inc. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,971 shares of the credit services provider’s stock after buying an additional 1,832 shares during the period. J.W. Cole Advisors Inc.’s holdings in PayPal were worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Command Bank raised its holdings in PayPal by 2.0% during the first quarter. First Command Bank now owns 1,923 shares of the credit services provider’s stock worth $467,000 after buying an additional 38 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in PayPal by 3.5% during the first quarter. Tradewinds Capital Management LLC now owns 1,144 shares of the credit services provider’s stock worth $278,000 after purchasing an additional 39 shares during the period. Focused Wealth Management Inc boosted its position in PayPal by 6.6% during the fourth quarter. Focused Wealth Management Inc now owns 649 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its position in PayPal by 8.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 532 shares of the credit services provider’s stock worth $125,000 after purchasing an additional 40 shares during the period. Finally, First Midwest Bank Trust Division boosted its position in shares of PayPal by 2.5% in the first quarter. First Midwest Bank Trust Division now owns 1,640 shares of the credit services provider’s stock valued at $398,000 after acquiring an additional 40 shares during the period. 82.29% of the stock is owned by institutional investors.

A number of research firms have recently commented on PYPL. BMO Capital Markets raised their price objective on shares of PayPal from $216.00 to $241.00 and gave the company a “market perform” rating in a research report on Friday, February 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $249.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Canaccord Genuity lifted their target price on shares of PayPal from $306.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, February 12th. Raymond James lifted their target price on shares of PayPal from $296.00 to $333.00 and gave the company an “outperform” rating in a research report on Friday, February 12th. Finally, KeyCorp lifted their target price on shares of PayPal from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Six investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $279.00.

In other news, EVP Mark Britto sold 1,152 shares of the business’s stock in a transaction on Friday, February 5th. The shares were sold at an average price of $269.11, for a total transaction of $310,014.72. Following the sale, the executive vice president now owns 81,961 shares in the company, valued at approximately $22,056,524.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel H. Schulman sold 10,000 shares of the business’s stock in a transaction on Friday, April 30th. The shares were sold at an average price of $263.11, for a total transaction of $2,631,100.00. Following the sale, the chief executive officer now owns 273,854 shares in the company, valued at approximately $72,053,725.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 266,350 shares of company stock worth $70,655,438. Company insiders own 0.12% of the company’s stock.

NASDAQ:PYPL opened at $259.09 on Tuesday. The stock has a market cap of $304.24 billion, a P/E ratio of 97.77, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12. The firm’s fifty day simple moving average is $255.84 and its 200 day simple moving average is $237.76. PayPal Holdings, Inc. has a twelve month low of $120.31 and a twelve month high of $309.14. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.08. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 2.8 EPS for the current fiscal year.

About PayPal

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.

Read More: What Is an EV Stock?

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.