Harel Insurance Investments & Financial Services Ltd. Has $45.73 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 700,897 shares of the credit services provider's stock after buying an additional 19,829 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned about 0.07% of PayPal worth $45,734,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. bought a new position in shares of PayPal during the 4th quarter valued at $34,000. Pinney & Scofield Inc. bought a new position in shares of PayPal during the 4th quarter valued at $35,000. Finally, Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded up $0.10 during mid-day trading on Friday, reaching $76.41. 5,263,390 shares of the company were exchanged, compared to its average volume of 10,872,603. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a fifty day moving average of $71.45 and a 200 day moving average of $74.18. 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 stock has a market cap of $74.31 billion, a PE ratio of 17.09, a PEG ratio of 1.25 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the company posted $1.08 EPS. The company's revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company'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 transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the company'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 $281,168.36. Following the transaction, the executive vice president 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. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Arete Research set a $81.00 price target on shares of PayPal in a report on Thursday, March 27th. UBS Group dropped their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Keefe, Bruyette & Woods dropped their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Finally, Barclays dropped their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $83.42.

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.