Quantum Capital Management Decreases Holdings in PayPal (PYPL)

Quantum Capital Management lessened its stake in shares of PayPal (NASDAQ:PYPL) by 37.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,076 shares of the credit services provider’s stock after selling 3,032 shares during the quarter. Quantum Capital Management’s holdings in PayPal were worth $385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cigna Investments Inc. New lifted its holdings in shares of PayPal by 1.4% during the fourth quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock worth $3,468,000 after purchasing an additional 641 shares during the period. Waldron LP lifted its holdings in PayPal by 16.9% in the fourth quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock valued at $328,000 after buying an additional 646 shares during the period. Comerica Securities Inc. lifted its holdings in PayPal by 3.7% in the first quarter. Comerica Securities Inc. now owns 18,987 shares of the credit services provider’s stock valued at $1,441,000 after buying an additional 673 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in PayPal by 13.8% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,760 shares of the credit services provider’s stock valued at $424,000 after buying an additional 700 shares during the period. Finally, Bfsg LLC lifted its holdings in PayPal by 19.2% in the fourth quarter. Bfsg LLC now owns 4,479 shares of the credit services provider’s stock valued at $330,000 after buying an additional 722 shares during the period. 80.88% of the stock is currently owned by hedge funds and other institutional investors.

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PYPL has been the topic of several recent analyst reports. Jefferies Group boosted their target price on shares of PayPal from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Sanford C. Bernstein initiated coverage on shares of PayPal in a report on Tuesday, March 27th. They issued a “market perform” rating and a $82.00 target price on the stock. Nomura boosted their target price on shares of PayPal to $97.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Credit Suisse Group restated an “outperform” rating and issued a $91.00 target price (up previously from $85.00) on shares of PayPal in a report on Wednesday, January 17th. Finally, Zacks Investment Research lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-four have assigned a buy rating to the stock. PayPal has an average rating of “Buy” and an average target price of $80.91.

PayPal opened at $78.81 on Tuesday, according to MarketBeat. The stock has a market capitalization of $94.04 billion, a price-to-earnings ratio of 56.70, a P/E/G ratio of 2.62 and a beta of 1.28. PayPal has a twelve month low of $78.45 and a twelve month high of $79.63.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. equities research analysts anticipate that PayPal will post 1.71 EPS for the current year.

In related news, EVP Aaron Karczmer sold 7,578 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $77.88, for a total transaction of $590,174.64. Following the sale, the executive vice president now directly owns 23,598 shares in the company, valued at approximately $1,837,812.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $80.66, for a total transaction of $2,097,160.00. Following the sale, the insider now owns 268,189 shares in the company, valued at $21,632,124.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,773 shares of company stock worth $16,777,061. Corporate insiders own 0.20% of the company’s stock.

PayPal Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)