Barton Investment Management Has $8.67 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Barton Investment Management reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,814 shares of the credit services provider's stock after selling 9,815 shares during the quarter. PayPal makes up approximately 1.1% of Barton Investment Management's holdings, making the stock its 14th largest holding. Barton Investment Management's holdings in PayPal were worth $8,666,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Radnor Capital Management LLC lifted its position in PayPal by 0.7% during the 1st quarter. Radnor Capital Management LLC now owns 29,931 shares of the credit services provider's stock worth $1,953,000 after buying an additional 221 shares in the last quarter. Udine Wealth Management Inc. raised its stake in shares of PayPal by 5.4% in the first quarter. Udine Wealth Management Inc. now owns 25,013 shares of the credit services provider's stock worth $1,632,000 after acquiring an additional 1,280 shares during the last quarter. Pitti Group Wealth Management LLC raised its stake in shares of PayPal by 1.8% in the first quarter. Pitti Group Wealth Management LLC now owns 10,086 shares of the credit services provider's stock worth $658,000 after acquiring an additional 174 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its position in shares of PayPal by 9.2% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 46,610 shares of the credit services provider's stock worth $2,981,000 after purchasing an additional 3,928 shares in the last quarter. Finally, Procyon Advisors LLC grew its stake in shares of PayPal by 44.0% during the first quarter. Procyon Advisors LLC now owns 60,079 shares of the credit services provider's stock valued at $3,920,000 after purchasing an additional 18,360 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PYPL shares. Macquarie dropped their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Keefe, Bruyette & Woods dropped their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Monness Crespi & Hardt lowered their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Friday, February 28th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PayPal presently has an average rating of "Hold" and a consensus price target of $83.29.

PayPal Trading Up 1.3%

NASDAQ:PYPL opened at $73.43 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business's 50-day simple moving average is $66.84 and its 200-day simple moving average is $76.25. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a market capitalization of $71.41 billion, a PE 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 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 13.04% and a return on equity of 23.67%. 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. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.

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