Entropy Technologies LP Acquires Shares of 22,482 PayPal Holdings, Inc. (NASDAQ:PYPL)

Entropy Technologies LP purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,482 shares of the credit services provider’s stock, valued at approximately $1,506,000.

Other institutional investors also recently modified their holdings of the company. Pittenger & Anderson Inc. raised its holdings in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal during the 4th quarter worth $25,000. American National Bank acquired a new position in shares of PayPal during the 1st quarter worth $27,000. Register Financial Advisors LLC acquired a new position in shares of PayPal during the 1st quarter worth $30,000. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PYPL shares. Citigroup increased their target price on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research report on Thursday, July 11th. Sanford C. Bernstein increased their target price on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th. New Street Research began coverage on PayPal in a research report on Friday, May 31st. They issued a “buy” rating and a $80.00 target price for the company. Finally, Monness Crespi & Hardt increased their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Twenty-one research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.82.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

PayPal Trading Down 0.0 %

Shares of NASDAQ PYPL traded down $0.03 during midday trading on Thursday, reaching $61.21. The company had a trading volume of 1,627,644 shares, compared to its average volume of 14,489,172. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $61.68 and its 200-day moving average price is $62.22. The stock has a market cap of $64.03 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 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 the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

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.