Facet Wealth Inc. Acquires New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Facet Wealth Inc. has acquired a new stake in PayPal Holdings, Inc., purchasing 5,309 shares valued at approximately $364,000 during the first quarter.
• Insider Suzan Kereere sold 4,162 shares at an average price of $73.24, indicating a 7.91% reduction in ownership, while executive vice president Diego Scotti sold 3,839 shares at the same price, decreasing his position by 18.43%.
• PayPal's stock opened at $77.98, with recent performance showing a quarterly earnings of $1.33 per share, surpassing the consensus estimate of $1.16.

Facet Wealth Inc. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,309 shares of the credit services provider's stock, valued at approximately $364,000.

Other large investors also recently bought and sold shares of the company. J. Goldman & Co LP lifted its stake in shares of PayPal by 11.9% during the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after purchasing an additional 27,812 shares in the last quarter. ExodusPoint Capital Management LP grew its position in PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after acquiring an additional 183,011 shares in the last quarter. StoneX Group Inc. raised its stake in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after purchasing an additional 11,260 shares during the period. Proffitt & Goodson Inc. purchased a new position in shares of PayPal in the first quarter valued at $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of PayPal by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock valued at $651,619,000 after purchasing an additional 1,114,858 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Trading Down 1.1%

Shares of NASDAQ PYPL traded down $0.79 during mid-day trading on Thursday, hitting $68.92. 9,862,369 shares of the company traded hands, compared to its average volume of 11,198,897. The business has a 50 day moving average of $73.25 and a two-hundred day moving average of $72.66. The stock has a market capitalization of $67.03 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.15 and a beta of 1.45. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same period last year, the company posted $1.19 earnings per share. On average, sell-side 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 recently commented on PYPL shares. Robert W. Baird increased their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler set a $74.00 price objective on shares of PayPal in a report on Tuesday. UBS Group lowered their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Finally, Bank of America decreased their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.10.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 4,162 shares of the 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 completion of the sale, the insider owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

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.