Koa Wealth Management LLC Purchases 12,163 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Koa Wealth Management LLC significantly increased its holdings in PayPal, acquiring 12,163 shares to raise its position by 419.4% in the first quarter, bringing total ownership to 15,063 shares valued at approximately $983,000.
• Insider sales occurred recently, including EVP Diego Scotti, who sold 3,839 shares for about $281,168.36, reducing his position by 18.43%, while Director Deborah M. Messemer sold 3,795 shares for around $277,035, also decreasing her stake.
• PayPal's stock opened at $67.65 with recent earnings exceeding analyst expectations, reporting $1.40 EPS and $8.29 billion in revenue for the last quarter, compared to analyst estimates of $8.08 billion.

Koa Wealth Management LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 419.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,063 shares of the credit services provider's stock after acquiring an additional 12,163 shares during the quarter. Koa Wealth Management LLC's holdings in PayPal were worth $983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the fourth quarter worth $25,000. Bernard Wealth Management Corp. bought a new stake in PayPal in the fourth quarter valued at about $34,000. Pinney & Scofield Inc. bought a new stake in PayPal in the fourth quarter valued at about $35,000. Evermay Wealth Management LLC increased its holdings in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in PayPal in the first quarter valued at about $28,000. Institutional investors own 68.32% of the company's stock.

Insider Buying and Selling

In other news, 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 value of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock worth $1,620,835 in the last quarter. Insiders own 0.08% of the company's stock.

PayPal Price Performance

PayPal stock opened at $67.65 on Friday. The stock's fifty day moving average price is $72.89 and its two-hundred day moving average price is $71.65. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $64.63 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the company earned $1.19 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Macquarie reiterated an "outperform" rating and issued a $95.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Robert W. Baird boosted their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.57.

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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