Brookstone Capital Management Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brookstone Capital Management increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 459.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,292 shares of the credit services provider's stock after acquiring an additional 49,516 shares during the quarter. Brookstone Capital Management's holdings in PayPal were worth $3,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J. Goldman & Co LP increased its holdings in PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after acquiring an additional 27,812 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after buying an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP grew its holdings in shares of PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after buying an additional 183,011 shares in the last quarter. StoneX Group Inc. grew its holdings in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after buying an additional 11,260 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of PayPal by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock worth $651,619,000 after buying an additional 1,114,858 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PYPL. Macquarie dropped their target price on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Robert W. Baird upped their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Truist Financial began coverage on shares of PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price for the company. Compass Point began coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Finally, Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal has an average rating of "Hold" and an average price target of $83.42.

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 shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the transaction, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is owned by corporate insiders.

PayPal Stock Down 1.5%

Shares of PYPL stock traded down $1.15 during trading hours on Tuesday, reaching $75.03. 8,751,894 shares of the stock were exchanged, compared to its average volume of 10,841,053. The business's fifty day moving average is $71.67 and its two-hundred day moving average is $73.94. 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 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market capitalization of $72.97 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.24 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS 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.