Crossmark Global Holdings Inc. Purchases 40,204 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Crossmark Global Holdings Inc. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 410,867 shares of the credit services provider's stock after purchasing an additional 40,204 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in PayPal were worth $26,809,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC grew its stake in PayPal by 29.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 108,506 shares of the credit services provider's stock valued at $7,080,000 after purchasing an additional 24,814 shares in the last quarter. Security National Bank of SO Dak grew its stake in PayPal by 8.1% in the first quarter. Security National Bank of SO Dak now owns 13,178 shares of the credit services provider's stock valued at $860,000 after purchasing an additional 987 shares in the last quarter. Financial Counselors Inc. grew its stake in PayPal by 0.8% in the first quarter. Financial Counselors Inc. now owns 448,041 shares of the credit services provider's stock valued at $29,235,000 after purchasing an additional 3,476 shares in the last quarter. Byrne Financial Freedom LLC grew its stake in PayPal by 13.0% in the first quarter. Byrne Financial Freedom LLC now owns 14,929 shares of the credit services provider's stock valued at $974,000 after purchasing an additional 1,723 shares in the last quarter. Finally, California First Leasing Corp grew its stake in PayPal by 7.7% in the first quarter. California First Leasing Corp now owns 50,750 shares of the credit services provider's stock valued at $3,311,000 after purchasing an additional 3,650 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider owned 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company's stock.

PayPal Price Performance

NASDAQ PYPL traded down $0.41 during midday trading on Monday, hitting $76.18. The company had a trading volume of 5,916,204 shares, compared to its average volume of 10,847,290. The company has a market capitalization of $74.09 billion, a PE ratio of 17.04, a P/E/G ratio of 1.25 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $71.45 and a 200-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.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating 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 firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period in the previous year, the firm earned $1.08 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PYPL shares. Truist Financial started coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target for the company. BMO Capital Markets reduced their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Arete Research set a $81.00 target price on PayPal in a research note on Thursday, March 27th. Finally, Keefe, Bruyette & Woods reduced their target price on 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 assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $83.42.

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.