Arkfeld Wealth Strategies L.L.C. Has $2.98 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arkfeld Wealth Strategies L.L.C. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,610 shares of the credit services provider's stock after acquiring an additional 3,928 shares during the period. PayPal makes up approximately 1.3% of Arkfeld Wealth Strategies L.L.C.'s investment portfolio, making the stock its 18th biggest position. Arkfeld Wealth Strategies L.L.C.'s holdings in PayPal were worth $2,981,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal in the 4th quarter worth about $248,000. Trust Point Inc. increased its holdings in PayPal by 5.7% in the 4th quarter. Trust Point Inc. now owns 5,092 shares of the credit services provider's stock worth $435,000 after acquiring an additional 276 shares in the last quarter. Mather Group LLC. raised its position in shares of PayPal by 12.0% during the 4th quarter. Mather Group LLC. now owns 1,782 shares of the credit services provider's stock worth $152,000 after purchasing an additional 191 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of PayPal by 33.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 38,094 shares of the credit services provider's stock valued at $3,251,000 after acquiring an additional 9,604 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Seaport Res Ptn cut PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Bank of America lowered their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI started coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective on the stock. BMO Capital Markets dropped their price objective 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, Barclays lowered their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal has a consensus rating of "Hold" and an average price target of $83.29.

PayPal Stock Up 1.3%

Shares of NASDAQ:PYPL traded up $0.96 during trading on Friday, hitting $73.43. 7,237,245 shares of the company's stock traded hands, compared to its average volume of 11,101,576. The company has a 50-day moving average price of $66.69 and a 200-day moving average price of $76.32. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market cap of $71.41 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

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

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director now directly owns 13,976 shares of the company's stock, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.14% of the company's stock.

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.