PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 117,569 shares of the credit services provider's stock after purchasing an additional 20,239 shares during the period. PayPal comprises approximately 0.8% of Fiduciary Alliance LLC's portfolio, making the stock its 29th biggest holding. Fiduciary Alliance LLC's holdings in PayPal were worth $7,671,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in PayPal during the fourth quarter worth $27,000. Bernard Wealth Management Corp. acquired a new position in shares of PayPal in the fourth quarter worth $34,000. Pinney & Scofield Inc. purchased a new stake in shares of PayPal in the fourth quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of PayPal in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial assumed coverage on shares of PayPal in a research note on Monday. They issued a "sell" rating and a $68.00 target price for the company. Piper Sandler cut their price objective on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Finally, Evercore ISI began coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.29.

PayPal Stock Up 0.6%

NASDAQ:PYPL traded up $0.40 on Tuesday, reaching $71.33. The stock had a trading volume of 7,305,515 shares, compared to its average volume of 11,167,688. The company has a 50-day moving average of $66.34 and a 200 day moving average of $76.47. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $69.37 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

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

PayPal 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.