Brookstone Capital Management Acquires 49,516 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brookstone Capital Management lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 459.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 quarter.

Several other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the fourth quarter worth $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal in the first quarter valued at $28,000. Tsfg LLC increased its stake in PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in PayPal during the fourth quarter worth about $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 0.5%

Shares of PayPal stock traded down $0.41 during trading on Monday, hitting $76.18. 5,916,204 shares of the stock traded hands, compared to its average volume of 10,847,297. The company has a fifty day moving average price of $71.45 and a two-hundred day moving average price of $74.01. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a market cap of $74.09 billion, a P/E ratio of 15.60, a PEG ratio of 1.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

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, topping analysts' consensus estimates of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. During the same quarter in the previous year, the business earned $1.08 EPS. The business's revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of several recent research reports. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. Compass Point assumed coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price for the company. Wells Fargo & Company lowered their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Bank of America reduced their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of "Hold" and a consensus target price of $83.42.

Insider Activity

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% 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.