PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Commerce Bank

Key Points

• Commerce Bank has increased its stake in PayPal Holdings by 11.7%, now owning a total of 39,201 shares valued at approximately $2.56 million.
• PayPal's latest quarterly earnings report revealed an EPS of $1.40, surpassing analysts' expectations, with a revenue of $8.29 billion.
• Institutional investors currently own 68.32% of PayPal's stock, reflecting significant interest in the company despite mixed analyst ratings, including two "sell" and nineteen "buy" ratings.

Commerce Bank grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,201 shares of the credit services provider's stock after purchasing an additional 4,118 shares during the quarter. Commerce Bank's holdings in PayPal were worth $2,558,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Mpwm Advisory Solutions LLC purchased a new position in PayPal during the fourth quarter worth approximately $25,000. Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter worth $34,000. Pinney & Scofield Inc. purchased a new stake in PayPal during the 4th quarter worth $35,000. Evermay Wealth Management LLC increased its position in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in shares of PayPal in the 1st quarter valued at about $28,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,736 shares of company stock valued at $1,620,835 over the last quarter. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $0.18 during trading on Tuesday, hitting $67.83. 10,704,199 shares of the company's stock were exchanged, compared to its average volume of 12,926,610. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The business's 50-day simple moving average is $73.10 and its 200 day simple moving average is $72.01. The company has a market cap of $64.80 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.05 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same quarter last year, the business posted $1.19 EPS. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on PYPL shares. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Truist Financial started coverage on shares of PayPal in a report on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, fourteen have issued 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.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.57.

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.