Hilton Capital Management LLC Purchases New Position in PayPal (PYPL)

Hilton Capital Management LLC purchased a new stake in PayPal (NASDAQ:PYPL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,175 shares of the credit services provider’s stock, valued at approximately $317,000.

Several other large investors have also recently made changes to their positions in PYPL. Buckingham Capital Management Inc. increased its stake in shares of PayPal by 7.4% in the third quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock valued at $3,033,000 after purchasing an additional 3,268 shares during the period. NuWave Investment Management LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $184,000. Buckley Wealth Management LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $867,000. RWC Asset Management LLP increased its stake in shares of PayPal by 9.6% during the fourth quarter. RWC Asset Management LLP now owns 189,156 shares of the credit services provider’s stock valued at $13,926,000 after acquiring an additional 16,616 shares during the period. Finally, First Dallas Securities Inc. acquired a new position in shares of PayPal during the fourth quarter valued at approximately $217,000. Institutional investors own 78.22% of the company’s stock.

A number of research analysts recently commented on the stock. Wedbush raised their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 8th. Nomura raised their price objective on shares of PayPal to $97.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. UBS Group reiterated a “buy” rating and set a $90.00 price objective on shares of PayPal in a research note on Friday, May 18th. Stifel Nicolaus upgraded shares of PayPal from a “hold” rating to a “buy” rating and raised their price objective for the company from $82.00 to $99.00 in a research note on Friday, May 25th. Finally, Oppenheimer raised their price objective on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. PayPal has an average rating of “Buy” and an average target price of $83.14.

In other PayPal news, COO William J. Ready sold 72,000 shares of PayPal stock in a transaction on Friday, April 27th. The shares were sold at an average price of $75.32, for a total transaction of $5,423,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of PayPal stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $75.90, for a total transaction of $1,973,400.00. Following the sale, the insider now directly owns 346,300 shares of the company’s stock, valued at approximately $26,284,170. The disclosure for this sale can be found here. Insiders have sold a total of 192,482 shares of company stock valued at $14,689,631 in the last three months. Company insiders own 0.20% of the company’s stock.

PayPal stock opened at $85.27 on Thursday. PayPal has a 52 week low of $50.83 and a 52 week high of $86.32. The company has a market capitalization of $99.61 billion, a P/E ratio of 61.35, a PEG ratio of 2.77 and a beta of 1.31.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company’s revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. analysts forecast that PayPal will post 1.71 earnings per share for the current fiscal year.

About PayPal

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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