HB Wealth Management LLC Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• HB Wealth Management LLC increased its holdings in PayPal Holdings, Inc. by 20.4%, acquiring an additional 3,692 shares during the first quarter, bringing their total to 21,808 shares valued at approximately $1.42 million.
• PayPal has a current consensus rating of "Hold" among analysts, with an average target price of $83.73, despite recent fluctuations in its stock price.
• PayPal's latest earnings report showed a significant beat on EPS, reporting $1.40 against expectations of $1.30, with revenue also exceeding estimates at $8.29 billion.

HB Wealth Management LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,808 shares of the credit services provider's stock after buying an additional 3,692 shares during the quarter. HB Wealth Management LLC's holdings in PayPal were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in PayPal during the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth $27,000. Garde Capital Inc. acquired a new stake in PayPal in the 1st quarter worth about $28,000. Tsfg LLC boosted its stake in PayPal by 81.6% during the first 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 last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of PayPal in the 4th quarter valued at approximately $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL traded down $1.74 during mid-day trading on Wednesday, reaching $69.71. The stock had a trading volume of 20,738,048 shares, compared to its average volume of 10,734,490. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.33. The business has a 50 day simple moving average of $73.25 and a 200 day simple moving average of $72.66. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market capitalization of $67.80 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.15 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The business had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same period last year, the firm earned $1.19 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays reissued an "overweight" rating on shares of PayPal in a research note on Tuesday. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Citigroup restated a "buy" rating on shares of PayPal in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Hold" and an average target price of $84.10.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was 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 $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,796 shares of company stock worth $863,028. Corporate 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.