PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Donald L. Hagan LLC

Donald L. Hagan LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,132 shares of the credit services provider’s stock after buying an additional 2,045 shares during the period. PayPal makes up approximately 0.8% of Donald L. Hagan LLC’s investment portfolio, making the stock its 21st biggest holding. Donald L. Hagan LLC’s holdings in PayPal were worth $1,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of PayPal by 11.1% in the 4th quarter. International Assets Investment Management LLC now owns 10,716 shares of the credit services provider’s stock valued at $658,000 after acquiring an additional 1,073 shares during the period. Mackenzie Financial Corp grew its position in PayPal by 136.1% during the 4th quarter. Mackenzie Financial Corp now owns 285,579 shares of the credit services provider’s stock worth $17,537,000 after purchasing an additional 164,608 shares during the last quarter. SVB Wealth LLC grew its position in PayPal by 15.2% during the 4th quarter. SVB Wealth LLC now owns 13,985 shares of the credit services provider’s stock worth $859,000 after purchasing an additional 1,846 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in PayPal by 5.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 26,855 shares of the credit services provider’s stock worth $1,661,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of PayPal by 78.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 300,259 shares of the credit services provider’s stock valued at $18,438,000 after acquiring an additional 131,872 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PYPL. Mizuho upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $68.00 to $90.00 in a research note on Thursday, May 30th. Robert W. Baird lifted their price target on shares of PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays boosted their target price on shares of PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Finally, JMP Securities boosted their price objective on shares of PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.25.

PayPal Stock Up 0.0 %

Shares of NASDAQ:PYPL traded up $0.02 during mid-day trading on Friday, hitting $67.96. 9,526,778 shares of the company traded hands, compared to its average volume of 14,125,069. The stock has a market cap of $69.48 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $70.66. The stock has a 50-day moving average price of $61.23 and a two-hundred day moving average price of $62.36.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

About PayPal

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.