J.W. Cole Advisors Inc. Has $1.62 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

J.W. Cole Advisors Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 126.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,856 shares of the credit services provider's stock after buying an additional 13,873 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in PayPal were worth $1,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC increased its position in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Capital Research Global Investors increased its position in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares in the last quarter. Norges Bank bought a new stake in shares of PayPal in the 4th quarter valued at $1,086,508,000. Finally, Northern Trust Corp increased its position in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after buying an additional 1,669,908 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PYPL shares. BMO Capital Markets lowered their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Finally, Macquarie lowered their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has an average rating of "Hold" and an average target price of $83.13.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $0.16 during midday 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. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. 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 price is $73.19 and its two-hundred day moving average price is $72.93. The company has a market cap of $75.84 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.28 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results 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 company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 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 transaction of $304,824.88. Following the completion of the transaction, the insider directly owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders 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.