16,978 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,978 shares of the credit services provider's stock, valued at approximately $1,108,000.

Other institutional investors also recently modified their holdings of the company. J. Goldman & Co LP increased its stake in shares of PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after purchasing an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP increased its stake in shares of PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after purchasing an additional 183,011 shares during the last quarter. StoneX Group Inc. increased its stake in shares of PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC acquired a new position in shares of PayPal during the 4th quarter worth about $581,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were 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 now directly owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider now owns 48,483 shares of the company's stock, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by company insiders.

PayPal Trading Down 5.3%

NASDAQ PYPL traded down $3.98 on Friday, hitting $70.83. The company's stock had a trading volume of 16,734,401 shares, compared to its average volume of 11,031,389. 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 Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company's 50-day moving average is $67.88 and its 200 day moving average is $75.93. The firm has a market cap of $68.88 billion, a PE ratio of 17.66, a PEG ratio of 1.27 and a beta of 1.45.

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

Analyst Ratings Changes

Several research firms have recently weighed in on PYPL. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Evercore ISI started coverage on shares of PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price for the company. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.29.

About PayPal

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.