Cigna Investments Inc. New Increases Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

Cigna Investments Inc. New lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,050 shares of the credit services provider’s stock after acquiring an additional 2,000 shares during the quarter. Cigna Investments Inc. New’s holdings in Paypal were worth $3,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sailer Financial LLC bought a new position in shares of Paypal during the fourth quarter valued at approximately $26,000. Islay Capital Management LLC acquired a new stake in shares of Paypal during the fourth quarter worth $27,000. HighMark Wealth Management LLC acquired a new stake in shares of Paypal during the fourth quarter worth $28,000. Sugarloaf Wealth Management LLC purchased a new position in shares of Paypal during the fourth quarter worth $29,000. Finally, Stonebridge Financial Planning Group LLC raised its holdings in shares of Paypal by 1,000.0% during the first quarter. Stonebridge Financial Planning Group LLC now owns 275 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.

A number of research firms have weighed in on PYPL. Barclays lifted their price objective on shares of Paypal from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Paypal from $120.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Credit Suisse Group lifted their price objective on shares of Paypal from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Finally, Macquarie began coverage on shares of Paypal in a report on Thursday, March 19th. They issued an “outperform” rating and a $122.00 price objective for the company. Five analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $140.15.

In other news, CFO John D. Rainey sold 87,925 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $107.48, for a total value of $9,450,179.00. Following the sale, the chief financial officer now directly owns 229,139 shares of the company’s stock, valued at approximately $24,627,859.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the chief executive officer now directly owns 620,703 shares in the company, valued at $59,978,530.89. The disclosure for this sale can be found here. Insiders sold a total of 255,625 shares of company stock worth $28,513,730 over the last three months. Insiders own 0.12% of the company’s stock.

NASDAQ:PYPL traded up $2.64 on Friday, hitting $150.86. The stock had a trading volume of 5,620,322 shares, compared to its average volume of 10,391,105. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.50. The stock has a market cap of $174.01 billion, a price-to-earnings ratio of 95.48, a PEG ratio of 3.37 and a beta of 1.11. The company has a fifty day moving average price of $120.99 and a two-hundred day moving average price of $111.79. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $151.08.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.72 billion. Paypal had a net margin of 10.27% and a return on equity of 16.06%. Paypal’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. As a group, analysts anticipate that Paypal Holdings Inc will post 2.4 earnings per share for the current year.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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