Kestra Private Wealth Services LLC Purchases 10,329 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kestra Private Wealth Services LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,803 shares of the credit services provider's stock after purchasing an additional 10,329 shares during the period. Kestra Private Wealth Services LLC's holdings in PayPal were worth $5,011,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of PayPal during the 4th quarter valued at about $248,000. Proficio Capital Partners LLC purchased a new position in shares of PayPal during the fourth quarter valued at about $216,000. TD Private Client Wealth LLC increased its holdings in shares of PayPal by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 8,891 shares of the credit services provider's stock worth $759,000 after purchasing an additional 250 shares during the last quarter. Finally, Summit Global Investments increased its holdings in shares of PayPal by 4.3% in the fourth quarter. Summit Global Investments now owns 6,864 shares of the credit services provider's stock worth $586,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% 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. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Barclays increased their price target on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 price target for the company in a research report on Tuesday, June 24th. Citigroup decreased their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Macquarie dropped 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 analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of "Hold" and an average target price of $83.13.

PayPal Trading Up 0.4%

Shares of PayPal stock opened at $74.17 on Monday. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $72.13 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. The firm has a fifty day moving average price of $72.75 and a 200 day moving average price of $73.13.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter last year, the company earned $1.08 EPS. The business's revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.

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