Chicago Capital LLC Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Chicago Capital LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,928 shares of the credit services provider's stock after acquiring an additional 7,075 shares during the quarter. Chicago Capital LLC's holdings in PayPal were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the fourth quarter valued at $25,000. Hurley Capital LLC bought a new position in PayPal in the 4th quarter worth about $27,000. Bernard Wealth Management Corp. purchased a new position in PayPal during the 4th quarter valued at about $34,000. Pinney & Scofield Inc. purchased a new position in PayPal during the 4th quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of PayPal during the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PYPL shares. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. UBS Group lowered their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Wells Fargo & Company lowered their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Arete Research set a $81.00 target price on PayPal in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $83.29.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director now owns 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president now directly owns 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock valued at $863,028 over the last ninety days. Company insiders own 0.08% of the company's stock.

PayPal Trading Down 3.0%

PYPL stock traded down $2.10 during trading on Thursday, reaching $68.57. The company had a trading volume of 20,407,159 shares, compared to its average volume of 11,021,444. 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 52 week low of $55.85 and a 52 week high of $93.66. The business has a 50 day moving average of $68.83 and a 200 day moving average of $75.36. The company has a market cap of $66.69 billion, a P/E ratio of 15.34, a PEG ratio of 1.13 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results 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. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.