Y Intercept Hong Kong Ltd Takes Position in PayPal Holdings, Inc. $PYPL

Y Intercept Hong Kong Ltd bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,131 shares of the credit services provider’s stock, valued at approximately $948,000.

Other large investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in PayPal during the 2nd quarter worth approximately $27,000. MUFG Securities EMEA plc increased its position in PayPal by 100.4% during the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after buying an additional 87,524 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of PayPal during the second quarter worth $36,000. Total Investment Management Inc. bought a new stake in shares of PayPal in the second quarter valued at about $38,000. Finally, True Wealth Design LLC increased its position in PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 388 shares during the period. 68.32% of the stock is owned by institutional investors.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Bank of America reissued a “neutral” rating and issued a $68.00 price objective (down previously from $93.00) on shares of PayPal in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft cut their price target on PayPal from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Macquarie lifted their price objective on PayPal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. The Goldman Sachs Group reduced their target price on PayPal from $72.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, January 6th. Finally, BNP Paribas Exane dropped their price target on PayPal from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Twelve equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.10.

View Our Latest Stock Analysis on PYPL

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total value of $249,054.08. Following the completion of the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,854,022.72. This represents a 11.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Aaron Webster sold 9,282 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the sale, the executive vice president owned 35,699 shares in the company, valued at $2,366,486.71. This represents a 20.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.08% of the stock is currently owned by corporate insiders.

PayPal Trading Down 0.8%

PYPL opened at $52.69 on Monday. The company has a market cap of $49.30 billion, a P/E ratio of 10.56, a PEG ratio of 0.66 and a beta of 1.43. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $59.03 and its 200-day moving average is $65.40. PayPal Holdings, Inc. has a 1-year low of $52.06 and a 1-year high of $90.40.

PayPal Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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