PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,341 shares of the credit services provider’s stock after acquiring an additional 11,984 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PayPal were worth $3,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sapient Capital LLC purchased a new position in PayPal in the 4th quarter valued at $806,000. Louisiana State Employees Retirement System acquired a new position in shares of PayPal during the fourth quarter worth about $9,267,000. Fiduciary Alliance LLC raised its holdings in PayPal by 604.7% during the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after purchasing an additional 45,544 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares during the period. Finally, Bellecapital International Ltd. boosted its holdings in PayPal by 2.0% in the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after purchasing an additional 433 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Trading Down 2.7 %

NASDAQ:PYPL traded down $1.64 on Wednesday, hitting $58.07. 11,699,033 shares of the stock were exchanged, compared to its average volume of 14,390,303. The stock has a fifty day moving average of $61.36 and a 200-day moving average of $62.23. The stock has a market cap of $60.74 billion, a PE ratio of 14.82, a PEG ratio of 0.99 and a beta of 1.42. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. 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 posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $69.00 price objective on shares of PayPal in a report on Monday, June 24th. Robert W. Baird increased their price target on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price objective on shares of PayPal in a report on Friday, June 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Thursday, July 11th. Finally, Mizuho raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $90.00 in a research note on Thursday, May 30th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.82.

PayPal Company 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.