25,713 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Calton & Associates Inc.

Calton & Associates Inc. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,713 shares of the credit services provider's stock, valued at approximately $1,678,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $248,000. Proficio Capital Partners LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $216,000. Royal London Asset Management Ltd. increased its holdings in shares of PayPal by 1.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 723,944 shares of the credit services provider's stock worth $61,789,000 after buying an additional 10,277 shares during the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of PayPal by 74.7% during the 4th quarter. HUB Investment Partners LLC now owns 7,657 shares of the credit services provider's stock worth $654,000 after buying an additional 3,275 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Macquarie cut their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Truist Financial assumed coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective on the stock. Compass Point assumed coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.13.

Insiders Place Their Bets

In other news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock valued at $863,028 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

PayPal Trading Up 0.4%

Shares of NASDAQ PYPL traded up $0.31 during mid-day trading on Friday, hitting $74.17. The company's stock had a trading volume of 9,003,130 shares, compared to its average volume of 10,883,670. The stock has a market cap of $72.13 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company's fifty day simple moving average is $72.75 and its 200-day simple moving average is $73.22.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Company 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.