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

Greenleaf Trust grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.1% in the first quarter, according to its most recent filing with the SEC. 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 institutional investors also recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC purchased a new position in PayPal in the 4th quarter worth about $25,000. Hurley Capital LLC purchased a new position in PayPal in the 4th quarter worth about $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal in the 1st quarter valued at approximately $28,000. Tsfg LLC lifted its position in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of PayPal in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America lowered their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. BMO Capital Markets dropped their target price 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. Arete Research set a $81.00 target price on shares of PayPal in a research note on Thursday, March 27th. Finally, Macquarie reduced their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.42.

PayPal Price Performance

Shares of PYPL stock traded up $1.29 during trading hours on Thursday, reaching $76.12. The stock had a trading volume of 3,149,153 shares, compared to its average volume of 10,804,071. The firm has a market capitalization of $74.03 billion, a PE ratio of 17.02, a PEG ratio of 1.23 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The stock's fifty day simple moving average is $72.02 and its 200 day simple moving average is $73.95. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company's revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction on 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. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last ninety days. Company 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.