Jaffetilchin Investment Partners LLC Has $235,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Jaffetilchin Investment Partners LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 62.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,604 shares of the credit services provider's stock after selling 5,942 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in PayPal were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal during the fourth quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in shares of PayPal during the fourth quarter worth approximately $27,000. Garde Capital Inc. acquired a new position in shares of PayPal during the first quarter worth approximately $28,000. Bernard Wealth Management Corp. acquired a new position in shares of PayPal during the fourth quarter worth approximately $34,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of PayPal during the fourth quarter worth approximately $35,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director now owns 13,976 shares of the company's stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The sale 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 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 sale, the executive vice president now directly owns 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 quarter, insiders have sold 11,796 shares of company stock valued at $863,028. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research reports. Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 price target for the company in a report on Tuesday, June 24th. Citigroup decreased their price target on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Robert W. Baird upped their price target on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets decreased their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.42.

PayPal Stock Up 0.6%

PYPL stock opened at $73.64 on Friday. 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 company has a market capitalization of $71.62 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.22 and a beta of 1.45. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a fifty day moving average of $70.16 and a 200-day moving average of $74.58.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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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