Paypal Holdings Inc (NASDAQ:PYPL) is Cambridge Financial Group Inc.’s 10th Largest Position

Cambridge Financial Group Inc. trimmed its position in Paypal Holdings Inc (NASDAQ:PYPL) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,974 shares of the credit services provider’s stock after selling 623 shares during the quarter. Paypal comprises 3.6% of Cambridge Financial Group Inc.’s holdings, making the stock its 10th largest position. Cambridge Financial Group Inc.’s holdings in Paypal were worth $5,359,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PYPL. Orser Capital Management LLC raised its stake in shares of Paypal by 5.2% in the fourth quarter. Orser Capital Management LLC now owns 23,810 shares of the credit services provider’s stock worth $2,571,000 after purchasing an additional 1,180 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in Paypal by 1.6% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 506,950 shares of the credit services provider’s stock worth $54,838,000 after acquiring an additional 7,851 shares during the period. RFG Advisory LLC grew its holdings in Paypal by 9.0% during the fourth quarter. RFG Advisory LLC now owns 4,143 shares of the credit services provider’s stock worth $448,000 after acquiring an additional 343 shares during the period. TLW Wealth Management LLC grew its holdings in Paypal by 111.8% during the fourth quarter. TLW Wealth Management LLC now owns 54,562 shares of the credit services provider’s stock worth $5,902,000 after acquiring an additional 28,798 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in Paypal by 15.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,511 shares of the credit services provider’s stock worth $163,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 83.00% of the company’s stock.

In related news, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the transaction, the chief executive officer now owns 620,703 shares in the company, valued at $59,978,530.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Adele Louise Pentland sold 92,700 shares of Paypal stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $107.63, for a total value of $9,977,301.00. Following the completion of the sale, the executive vice president now owns 174,201 shares in the company, valued at approximately $18,749,253.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,625 shares of company stock worth $28,513,730. 0.12% of the stock is currently owned by company insiders.

Shares of NASDAQ:PYPL traded up $2.64 during trading on Friday, reaching $150.86. The stock had a trading volume of 5,620,322 shares, compared to its average volume of 10,391,105. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $151.08. The stock has a market cap of $174.01 billion, a PE ratio of 95.48, a PEG ratio of 3.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.39 and a current ratio of 1.39. The business has a fifty day moving average price of $120.99 and a 200-day moving average price of $111.79.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts expect that Paypal Holdings Inc will post 2.4 earnings per share for the current year.

Several research firms recently commented on PYPL. Deutsche Bank raised their target price on Paypal from $127.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Wedbush raised their target price on Paypal from $120.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Cowen raised their target price on Paypal from $116.00 to $158.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Wells Fargo & Co raised their target price on Paypal from $120.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. They noted that the move was a valuation call. Finally, Raymond James raised their target price on Paypal from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Five equities research 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 stock. The stock presently has an average rating of “Buy” and an average price target of $140.15.

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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