O Shaughnessy Asset Management LLC Buys 11,984 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

O Shaughnessy Asset Management LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,341 shares of the credit services provider’s stock after purchasing an additional 11,984 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PayPal were worth $3,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal during the 4th quarter worth $25,000. Pittenger & Anderson Inc. boosted its stake in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank acquired a new stake in PayPal in the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC bought a new position in PayPal in the 4th quarter worth approximately $29,000. Finally, Register Financial Advisors LLC acquired a new position in shares of PayPal during the first quarter worth approximately $30,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a research note on Monday, June 24th. TD Cowen boosted their price objective on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Evercore ISI increased their target price on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Finally, Monness Crespi & Hardt raised their price objective on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Twenty-one analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $73.82.

PayPal Price Performance

PYPL traded down $1.64 during midday trading on Wednesday, hitting $58.07. The company had a trading volume of 11,699,033 shares, compared to its average volume of 14,390,303. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a market capitalization of $60.74 billion, a PE ratio of 14.82, a P/E/G ratio of 0.99 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50-day simple moving average is $61.36 and its 200-day simple moving average is $62.23.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.15 EPS for the current fiscal year.

PayPal Profile

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.