Greenleaf Trust Has $13.04 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenleaf Trust raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.1% during the first quarter, according to the company in 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 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 Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Avalon Trust Co increased its stake in PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares in the last quarter. Security National Bank of SO Dak increased its stake in PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after purchasing an additional 137 shares in the last quarter. Cohen & Steers Inc. increased its stake in PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 shares in the last quarter. Redwood Financial Network Corp increased its stake in PayPal by 4.8% during the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock worth $274,000 after purchasing an additional 147 shares in the last quarter. Finally, Strategic Blueprint LLC increased its stake in PayPal by 4.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,747 shares of the credit services provider's stock worth $245,000 after purchasing an additional 157 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Macquarie lowered their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI initiated coverage on shares of PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target for the company. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a research note 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $83.42.

PayPal Stock Performance

Shares of PYPL traded down $4.34 during midday trading on Friday, reaching $71.36. 21,848,497 shares of the stock were exchanged, compared to its average volume of 10,872,848. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $69.40 billion, a P/E ratio of 15.96, a PEG ratio of 1.22 and a beta of 1.45. The stock's 50 day simple moving average is $72.23 and its 200 day simple moving average is $73.87.

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, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter last year, the business earned $1.08 earnings per share. PayPal's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal 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 transaction, the insider owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 over the last 90 days. Insiders own 0.08% of the company's stock.

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.