CX Institutional Has $4.55 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

CX Institutional increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 773.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,784 shares of the credit services provider's stock after purchasing an additional 61,797 shares during the quarter. CX Institutional's holdings in PayPal were worth $4,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Assenagon Asset Management S.A. lifted its holdings in shares of PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after purchasing an additional 1,936,520 shares during the last quarter. MV Capital Management Inc. grew its position in shares of PayPal by 86.2% during the 1st quarter. MV Capital Management Inc. now owns 2,554 shares of the credit services provider's stock valued at $167,000 after acquiring an additional 1,182 shares during the period. Integrated Advisors Network LLC grew its position in shares of PayPal by 39.1% during the 1st quarter. Integrated Advisors Network LLC now owns 9,419 shares of the credit services provider's stock valued at $615,000 after acquiring an additional 2,647 shares during the period. Simplicity Wealth LLC purchased a new position in PayPal in the 1st quarter valued at about $253,000. Finally, Signet Financial Management LLC lifted its stake in PayPal by 2.8% in the 1st quarter. Signet Financial Management LLC now owns 35,622 shares of the credit services provider's stock worth $2,324,000 after purchasing an additional 974 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director now owns 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 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 transaction of $304,824.88. Following the transaction, the insider now directly owns 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,796 shares of company stock worth $863,028. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PYPL. Truist Financial assumed coverage on PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price on the stock. Compass Point started coverage on shares of PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Finally, Keefe, Bruyette & Woods cut their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $83.29.

PayPal Stock Performance

Shares of PayPal stock traded up $0.20 on Thursday, reaching $74.81. The stock had a trading volume of 8,638,641 shares, compared to its average volume of 11,012,039. The business's 50-day moving average price is $67.55 and its two-hundred day moving average price is $76.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a market cap of $72.76 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business 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 company earned $1.08 earnings per share. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.