Gibraltar Capital Management Inc. Has $8.27 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Gibraltar Capital Management Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 123,374 shares of the credit services provider’s stock after acquiring an additional 27,701 shares during the period. PayPal makes up about 3.8% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Gibraltar Capital Management Inc.’s holdings in PayPal were worth $8,265,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Integrated Advisors Network LLC increased its position in PayPal by 5.7% in the 3rd quarter. Integrated Advisors Network LLC now owns 8,289 shares of the credit services provider’s stock valued at $485,000 after acquiring an additional 444 shares in the last quarter. Comerica Bank increased its position in PayPal by 3,715.9% in the 3rd quarter. Comerica Bank now owns 298,782 shares of the credit services provider’s stock valued at $17,467,000 after acquiring an additional 290,952 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of PayPal by 7.9% during the 3rd quarter. Modera Wealth Management LLC now owns 88,655 shares of the credit services provider’s stock worth $5,183,000 after buying an additional 6,453 shares during the period. American Century Companies Inc. grew its position in shares of PayPal by 33.3% during the 3rd quarter. American Century Companies Inc. now owns 875,215 shares of the credit services provider’s stock worth $51,165,000 after buying an additional 218,654 shares during the period. Finally, VisionPoint Advisory Group LLC grew its holdings in PayPal by 75.7% during the third quarter. VisionPoint Advisory Group LLC now owns 7,985 shares of the credit services provider’s stock valued at $467,000 after purchasing an additional 3,440 shares during the period. 68.32% of the stock is owned by institutional investors.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction 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 completion of the transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

PayPal stock traded up $0.28 during midday trading on Friday, reaching $60.27. The stock had a trading volume of 8,166,185 shares, compared to its average volume of 11,280,683. The firm’s 50-day moving average price is $61.92 and its 200 day moving average price is $62.24. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The firm has a market capitalization of $63.05 billion, a PE ratio of 15.18, a P/E/G ratio of 0.98 and a beta of 1.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PYPL. Stephens boosted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Citigroup increased their price objective on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. New Street Research assumed coverage on shares of PayPal in a research note on Friday, May 31st. They set a “buy” rating and a $80.00 price objective on the stock. Finally, TD Cowen increased 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. Twenty equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.82.

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.