Simplicity Wealth LLC Takes $253,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Simplicity Wealth LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,875 shares of the credit services provider's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. JFS Wealth Advisors LLC grew its holdings in shares of PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after buying an additional 125 shares in the last quarter. Avalon Trust Co boosted its position in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after acquiring an additional 135 shares during the last quarter. Security National Bank of SO Dak grew its stake in PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after acquiring an additional 137 shares during the period. Stegent Equity Advisors Inc. raised its holdings in PayPal by 3.2% in the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock valued at $388,000 after acquiring an additional 142 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its stake in shares of PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider now directly owns 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

PayPal Price Performance

NASDAQ PYPL traded down $3.98 on Friday, reaching $70.83. 16,734,401 shares of the stock traded hands, compared to its average volume of 11,035,187. The firm's fifty day simple moving average is $67.88 and its 200 day simple moving average is $75.93. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a market cap of $68.88 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.27 and a beta of 1.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on PYPL. Evercore ISI assumed coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. Arete Research set a $81.00 price target on PayPal in a report on Thursday, March 27th. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. BMO Capital Markets decreased their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Finally, Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus price target of $83.29.

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.