HighTower Advisors LLC Buys 89,077 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

HighTower Advisors LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 573,801 shares of the credit services provider's stock after purchasing an additional 89,077 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of PayPal worth $37,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allianz SE boosted its position in shares of PayPal by 281.8% during the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock valued at $1,980,000 after acquiring an additional 22,392 shares during the last quarter. J. Goldman & Co LP boosted its position in shares of PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after acquiring an additional 27,812 shares during the last quarter. Nuveen LLC bought a new stake in shares of PayPal during the 1st quarter valued at about $529,264,000. Proffitt & Goodson Inc. bought a new stake in shares of PayPal during the 1st quarter valued at about $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock worth $651,619,000 after buying an additional 1,114,858 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent research reports. Macquarie restated an "outperform" rating and issued a $95.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Barclays restated an "overweight" rating on shares of PayPal in a research report on Tuesday, July 29th. Truist Financial initiated coverage on PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research report on Tuesday, July 29th. Finally, Morgan Stanley restated a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $85.00.

PayPal Stock Down 1.8%

PYPL stock opened at $69.38 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The business's 50-day moving average is $72.64 and its two-hundred day moving average is $71.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $66.28 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.09 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter in the prior year, the company earned $1.19 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 13,976 shares of the company's stock, valued at $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,736 shares of company stock worth $1,620,835 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

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.

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