PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Chicago Partners Investment Group LLC


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Chicago Partners Investment Group LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,947 shares of the credit services provider’s stock after purchasing an additional 718 shares during the period. Chicago Partners Investment Group LLC’s holdings in PayPal were worth $1,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Command Bank boosted its holdings in PayPal by 2.0% in the first quarter. First Command Bank now owns 1,923 shares of the credit services provider’s stock valued at $467,000 after purchasing an additional 38 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of PayPal by 3.5% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,144 shares of the credit services provider’s stock valued at $278,000 after buying an additional 39 shares during the period. Focused Wealth Management Inc increased its stake in shares of 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 buying an additional 40 shares during the period. Princeton Global Asset Management LLC raised its holdings in PayPal by 8.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 532 shares of the credit services provider’s stock valued at $125,000 after acquiring an additional 40 shares in the last quarter. Finally, First Midwest Bank Trust Division lifted its stake in 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 worth $398,000 after acquiring an additional 40 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:PYPL opened at $259.09 on Tuesday. The stock has a 50-day simple moving average of $255.84 and a 200 day simple moving average of $237.76. PayPal Holdings, Inc. has a 52-week low of $120.31 and a 52-week high of $309.14. The company has a market cap of $304.24 billion, a PE ratio of 97.77, a PEG ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.38.

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

In other PayPal news, EVP Adele Louise Pentland sold 6,370 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $298.00, for a total value of $1,898,260.00. Following the completion of the transaction, the executive vice president now directly owns 52,907 shares in the company, valued at $15,766,286. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $244.29, for a total value of $2,442,900.00. Following the transaction, the chief executive officer now directly owns 245,721 shares in the company, valued at approximately $60,027,183.09. The disclosure for this sale can be found here. Insiders have sold a total of 266,350 shares of company stock worth $70,655,438 over the last three months. Insiders own 0.12% of the company’s stock.

PYPL has been the topic of several recent analyst reports. KeyCorp increased their price target on shares of PayPal from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, February 12th. Wells Fargo & Company raised their price target on PayPal from $215.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th. Piper Sandler increased their price target on PayPal from $255.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th. Zacks Investment Research lowered PayPal from a “buy” rating to a “hold” rating and set a $241.00 price objective on the stock. in a report on Thursday, January 28th. Finally, JMP Securities boosted their target price on shares of PayPal from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 4th. Six investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $279.00.

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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