We Are One Seven LLC raised its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 54.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,736 shares of the credit services provider’s stock after purchasing an additional 1,668 shares during the quarter. We Are One Seven LLC’s holdings in Paypal were worth $491,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Truehand Inc acquired a new stake in shares of Paypal during the 4th quarter worth approximately $25,000. Bruderman Asset Management LLC acquired a new stake in shares of Paypal during the 4th quarter worth approximately $27,000. CX Institutional grew its position in shares of Paypal by 605.7% during the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Paypal during the 4th quarter worth approximately $37,000. Finally, Virtus ETF Advisers LLC grew its position in shares of Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after buying an additional 113 shares during the period. 81.33% of the stock is owned by institutional investors and hedge funds.

Shares of Paypal stock opened at $108.48 on Monday. Paypal Holdings Inc has a 52-week low of $70.22 and a 52-week high of $108.54. The stock has a market capitalization of $124.79 billion, a P/E ratio of 60.60, a PEG ratio of 2.70 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that Paypal Holdings Inc will post 2.21 earnings per share for the current fiscal year.

PYPL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Guggenheim downgraded shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective for the company. in a research report on Wednesday, February 6th. Craig Hallum reissued a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Paypal in a research report on Thursday, January 31st. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price target (up previously from $110.00) on shares of Paypal in a research report on Monday, January 7th. Nine research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Paypal presently has a consensus rating of “Buy” and a consensus price target of $99.69.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $91.49, for a total transaction of $2,744,700.00. Following the completion of the transaction, the insider now owns 304,826 shares of the company’s stock, valued at approximately $27,888,530.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Aaron Karczmer sold 6,813 shares of Paypal stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.25, for a total value of $669,377.25. Following the transaction, the executive vice president now directly owns 57,859 shares of the company’s stock, valued at approximately $5,684,646.75. The disclosure for this sale can be found here. Insiders have sold a total of 280,295 shares of company stock valued at $26,469,952 in the last ninety days. Insiders own 0.20% of the company’s stock.

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About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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