PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Greenleaf Trust

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

A number of other institutional investors have also recently bought and sold shares of PYPL. Brighton Jones LLC boosted its stake in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of PayPal in the fourth quarter worth about $248,000. Assetmark Inc. grew its stake in PayPal by 492.4% during the fourth quarter. Assetmark Inc. now owns 1,410 shares of the credit services provider's stock valued at $120,000 after acquiring an additional 1,172 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of PayPal in the fourth quarter worth approximately $216,000. Finally, OFI Invest Asset Management bought a new stake in PayPal during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PYPL shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Citigroup cut their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Finally, BMO Capital Markets lowered their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $83.42.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the business'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 transaction, the director directly owned 13,976 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction 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 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. 0.08% of the stock is currently owned by company insiders.

PayPal Stock Down 0.3%

PayPal stock traded down $0.20 during midday trading on Wednesday, hitting $74.83. 6,753,162 shares of the company's stock were exchanged, compared to its average volume of 10,824,786. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $72.77 billion, a PE ratio of 16.74, a P/E/G ratio of 1.24 and a beta of 1.45. The firm has a 50-day moving average of $71.84 and a two-hundred day moving average of $73.94. 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 released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 14.26% and a return on equity of 24.59%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.