PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 50.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,861 shares of the credit services provider's stock after buying an additional 3,980 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in PayPal were worth $781,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised 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 purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in PayPal during the fourth quarter valued at $248,000. Strategic Financial Concepts LLC purchased a new stake in PayPal during the fourth quarter valued at $423,000. Kestra Investment Management LLC purchased a new stake in PayPal during the fourth quarter valued at $111,000. Finally, Bank of Jackson Hole Trust purchased a new stake in PayPal during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president now owns 16,989 shares in the company, 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. Insiders have sold a total of 11,796 shares of company stock worth $863,028 in the last three months. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PYPL. Monness Crespi & Hardt decreased their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets decreased their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Finally, Evercore ISI began coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $83.29.

PayPal Stock Up 2.2%

PayPal stock traded up $1.48 during midday trading on Friday, hitting $70.05. 18,484,205 shares of the company's stock were exchanged, compared to its average volume of 11,012,217. 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 12 month low of $55.85 and a 12 month high of $93.66. The firm has a 50-day moving average of $68.98 and a two-hundred day moving average of $75.16. The company has a market cap of $68.13 billion, a PE ratio of 15.67, a P/E/G ratio of 1.16 and a beta of 1.45.

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