Retirement Planning Co of New England Inc. Invests $282,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Retirement Planning Co of New England Inc. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,497 shares of the credit services provider’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Fisher Asset Management LLC lifted its stake in shares of PayPal by 20.6% in the fourth quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after purchasing an additional 2,476,199 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of PayPal in the fourth quarter valued at about $253,727,000. UBS Asset Management Americas Inc. lifted its stake in shares of PayPal by 19.2% in the third quarter. UBS Asset Management Americas Inc. now owns 7,277,858 shares of the credit services provider’s stock valued at $1,893,771,000 after purchasing an additional 1,172,815 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of PayPal by 38.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,449,276 shares of the credit services provider’s stock valued at $897,536,000 after purchasing an additional 950,699 shares during the period. Finally, Clear Street LLC acquired a new stake in shares of PayPal in the fourth quarter valued at about $179,152,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Shares of PYPL stock opened at $87.93 on Friday. The stock has a market cap of $102.11 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.37. PayPal Holdings, Inc. has a fifty-two week low of $82.12 and a fifty-two week high of $310.16. The firm’s 50 day moving average price is $105.26 and its two-hundred day moving average price is $159.25.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.69%. During the same quarter in the previous year, the business earned $0.91 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 3.36 EPS for the current fiscal year.

Several analysts recently commented on PYPL shares. Loop Capital reduced their price objective on shares of PayPal from $212.00 to $138.00 in a research note on Thursday. Cowen dropped their target price on shares of PayPal from $174.00 to $104.00 in a report on Thursday. Susquehanna Bancshares dropped their target price on shares of PayPal from $125.00 to $115.00 in a report on Thursday. Morgan Stanley dropped their target price on shares of PayPal from $190.00 to $139.00 in a report on Thursday. Finally, Zacks Investment Research upgraded shares of PayPal from a “sell” rating to a “hold” rating and set a $102.00 target price for the company in a report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Buy” and an average target price of $155.93.

In other news, Director Frank D. Yeary bought 4,000 shares of PayPal stock in a transaction dated Friday, February 4th. The shares were acquired at an average cost of $124.85 per share, with a total value of $499,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Auerbach sold 40,749 shares of the business’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $100.62, for a total transaction of $4,100,164.38. The disclosure for this sale can be found here. Over the last three months, insiders have bought 24,894 shares of company stock worth $2,965,405. Corporate insiders own 0.10% of the company’s stock.

PayPal Company Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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