Capital Investment Advisory Services LLC Buys 5,273 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Capital Investment Advisory Services LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,608 shares of the credit services provider's stock after acquiring an additional 5,273 shares during the period. Capital Investment Advisory Services LLC's holdings in PayPal were worth $2,780,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Avalon Trust Co raised its position in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after acquiring an additional 135 shares in the last quarter. Security National Bank of SO Dak increased its position in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after buying an additional 137 shares during the period. Cohen & Steers Inc. increased its position in PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after buying an additional 145 shares during the period. Redwood Financial Network Corp increased its position in PayPal by 4.8% during the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock worth $274,000 after buying an additional 147 shares during the period. Finally, Strategic Blueprint LLC increased its position in PayPal by 4.4% during the first quarter. Strategic Blueprint LLC now owns 3,747 shares of the credit services provider's stock worth $245,000 after buying an additional 157 shares during the period. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on PYPL. Monness Crespi & Hardt cut their price target on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group lowered their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 target price on the stock in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.42.

PayPal Stock Performance

PayPal stock opened at $76.41 on Friday. The stock's 50 day moving average price is $71.45 and its 200 day moving average price is $74.18. The firm has a market capitalization of $74.31 billion, a PE ratio of 17.09, a price-to-earnings-growth 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 Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

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

Insider Activity

In other news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider owned 48,483 shares of the company's stock, valued at $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 insiders.

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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