Angeles Investment Advisors LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 892 shares of the credit services provider’s stock after selling 183 shares during the period. Angeles Investment Advisors LLC’s holdings in PayPal were worth $217,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Gleason Group Inc. acquired a new position in PayPal in the 1st quarter valued at $25,000. Permanens Capital L.P. acquired a new stake in shares of PayPal during the 1st quarter worth $27,000. Vantage Consulting Group Inc acquired a new stake in shares of PayPal during the 4th quarter worth $29,000. Safeguard Investment Advisory Group LLC acquired a new stake in shares of PayPal during the 4th quarter worth $30,000. Finally, Grant Street Asset Management Inc. acquired a new stake in shares of PayPal during the 4th quarter worth $35,000. Institutional investors own 78.95% of the company’s stock.
PYPL traded up $2.41 on Thursday, hitting $304.18. 85,815 shares of the company’s stock were exchanged, compared to its average volume of 5,163,249. The firm has a market capitalization of $357.33 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 3.85 and a beta of 1.16. PayPal Holdings, Inc. has a twelve month low of $169.08 and a twelve month high of $309.14. The company’s fifty day simple moving average is $275.80. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.
A number of research firms have recently commented on PYPL. DA Davidson began coverage on PayPal in a report on Wednesday, June 23rd. They set a “buy” rating and a $325.00 price objective for the company. Susquehanna Bancshares upped their price objective on PayPal from $330.00 to $360.00 and gave the stock a “positive” rating in a report on Wednesday, July 14th. BTIG Research reaffirmed a “buy” rating and set a $345.00 price target on shares of PayPal in a research report on Tuesday, March 30th. Zacks Investment Research raised shares of PayPal from a “hold” rating to a “buy” rating and set a $263.00 price target for the company in a research report on Wednesday, May 5th. Finally, Rosenblatt Securities upped their price target on shares of PayPal from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, April 20th. Five equities research analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $308.00.
In other news, EVP Mark Britto sold 9,000 shares of the stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $264.40, for a total value of $2,379,600.00. Following the completion of the transaction, the executive vice president now directly owns 129,984 shares in the company, valued at $34,367,769.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel H. Schulman sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 273,854 shares of the company’s stock, valued at $72,053,725.94. The disclosure for this sale can be found here. Insiders sold 55,042 shares of company stock worth $14,291,699 in the last 90 days. 0.10% of the stock is owned by company insiders.
PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.
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