PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,735 shares of the credit services provider’s stock after buying an additional 8,450 shares during the quarter. John G Ullman & Associates Inc.’s holdings in PayPal were worth $3,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sapient Capital LLC acquired a new position in PayPal in the 4th quarter worth approximately $806,000. Louisiana State Employees Retirement System acquired a new position in PayPal in the 4th quarter worth approximately $9,267,000. Bartlett & Co. LLC increased its holdings in PayPal by 8.5% in the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after buying an additional 740 shares during the period. Fiduciary Alliance LLC grew its stake in shares of PayPal by 604.7% during the 1st 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 during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after purchasing an additional 73,687 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $69.00 price objective on shares of PayPal in a research note on Monday, June 24th. UBS Group raised their price objective on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Thursday. TD Cowen raised their price objective on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Finally, Stephens raised their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Twenty analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.82.

PayPal Trading Up 1.9 %

Shares of NASDAQ PYPL traded up $1.09 during trading on Thursday, hitting $59.99. 13,070,562 shares of the company were exchanged, compared to its average volume of 14,762,607. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The company has a fifty day moving average price of $62.02 and a 200-day moving average price of $62.25. The firm has a market capitalization of $62.75 billion, a PE ratio of 15.11, a P/E/G ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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 in the previous year, the business posted $0.86 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s 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 completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.