IFP Advisors Inc Buys 14,624 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

IFP Advisors Inc boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 119.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 26,844 shares of the credit services provider's stock after purchasing an additional 14,624 shares during the period. IFP Advisors Inc's holdings in PayPal were worth $1,752,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the fourth quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the fourth quarter worth approximately $27,000. Bernard Wealth Management Corp. bought a new position in shares of PayPal during the fourth quarter worth approximately $34,000. Pinney & Scofield Inc. bought a new position in PayPal in the fourth quarter valued at approximately $35,000. Finally, Garde Capital Inc. bought a new position in PayPal in the first quarter valued at approximately $28,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction 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 of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,796 shares of company stock valued at $863,028. Company insiders own 0.08% of the company's stock.

PayPal Stock Performance

PayPal stock traded up $0.16 during mid-day trading on Friday, reaching $77.98. The company's stock had a trading volume of 6,882,061 shares, compared to its average volume of 8,787,694. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market capitalization of $75.84 billion, a P/E ratio of 17.45, a PEG ratio of 1.28 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The firm's fifty day moving average price is $73.19 and its two-hundred day moving average price is $72.93.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share 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 business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the previous year, the business earned $1.08 EPS. PayPal's revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PYPL shares. Barclays lifted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods cut their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Monness Crespi & Hardt cut their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets cut their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal currently has a consensus rating of "Hold" and a consensus price target of $83.13.

PayPal 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.