Farther Finance Advisors LLC Acquires 7,494 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Farther Finance Advisors LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 95.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,335 shares of the credit services provider's stock after buying an additional 7,494 shares during the period. Farther Finance Advisors LLC's holdings in PayPal were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. City Holding Co. grew its stake in shares of PayPal by 1.5% during the first quarter. City Holding Co. now owns 12,245 shares of the credit services provider's stock worth $799,000 after acquiring an additional 180 shares during the last quarter. Courier Capital LLC increased its stake in PayPal by 19.9% during the 1st quarter. Courier Capital LLC now owns 4,288 shares of the credit services provider's stock valued at $280,000 after purchasing an additional 711 shares in the last quarter. Kennebec Savings Bank raised its holdings in shares of PayPal by 7.5% in the first quarter. Kennebec Savings Bank now owns 8,733 shares of the credit services provider's stock worth $570,000 after buying an additional 610 shares during the last quarter. RDA Financial Network lifted its stake in shares of PayPal by 11.3% during the first quarter. RDA Financial Network now owns 4,098 shares of the credit services provider's stock worth $267,000 after buying an additional 416 shares during the period. Finally, Wedmont Private Capital grew its holdings in shares of PayPal by 37.7% during the first quarter. Wedmont Private Capital now owns 8,225 shares of the credit services provider's stock valued at $515,000 after buying an additional 2,253 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PayPal news, 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 transaction of $277,035.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider now directly owns 48,483 shares of the company's stock, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock worth $863,028 in the last 90 days. 0.08% of the stock is owned by company insiders.

PayPal Stock Down 5.3%

Shares of NASDAQ PYPL traded down $3.98 during mid-day trading on Friday, reaching $70.83. The company had a trading volume of 16,734,401 shares, compared to its average volume of 11,035,187. 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 twelve month low of $55.85 and a twelve month high of $93.66. The stock's 50 day moving average is $67.88 and its 200-day moving average is $75.93. The stock has a market capitalization of $68.88 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on PYPL shares. BMO Capital Markets dropped their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Bank of America cut their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley lifted their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Hold" and an average price target of $83.29.

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.