Greenleaf Trust Purchases 7,851 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenleaf Trust grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,911 shares of the credit services provider's stock after acquiring an additional 7,851 shares during the quarter. Greenleaf Trust's holdings in PayPal were worth $13,044,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the 4th quarter worth about $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the 4th quarter worth approximately $27,000. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC lifted its position in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal during the 4th quarter worth approximately $34,000. Institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PYPL shares. Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 target price for the company in a research report on Tuesday, June 24th. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 price target on shares of PayPal in a report on Thursday, June 26th. Bank of America cut their price target 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. BMO Capital Markets cut their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Robert W. Baird lifted their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal has a consensus rating of "Hold" and a consensus target price of $83.42.

PayPal Trading Up 1.2%

Shares of PYPL traded up $0.87 on Thursday, reaching $75.70. 6,377,878 shares of the company's stock were exchanged, compared to its average volume of 10,828,908. 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 stock has a market capitalization of $73.62 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. The business has a 50 day moving average price of $72.23 and a two-hundred day moving average price of $73.87. 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 posted its quarterly earnings results 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. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated 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 approximately $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 SEC, which can be accessed through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated 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 sale, the director owned 13,976 shares of the company's stock, valued at $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock valued at $863,028 over the last ninety days. Insiders own 0.08% of the company's stock.

About PayPal

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.