LMG Wealth Partners LLC Takes $1.30 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

LMG Wealth Partners LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,855 shares of the credit services provider's stock, valued at approximately $1,296,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of PayPal by 15.2% in 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 in the fourth quarter valued at approximately $248,000. Proficio Capital Partners LLC acquired a new position in PayPal in the fourth quarter worth approximately $216,000. Choate Investment Advisors grew its position in PayPal by 12.4% in the fourth quarter. Choate Investment Advisors now owns 5,169 shares of the credit services provider's stock worth $441,000 after buying an additional 569 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in PayPal by 18.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 47,548 shares of the credit services provider's stock worth $4,058,000 after buying an additional 7,551 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several recent research reports. Barclays decreased their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. 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 report on Wednesday, April 30th. Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. Bank of America decreased their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Evercore ISI assumed coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.42.

PayPal Trading Down 1.3%

PYPL opened at $72.96 on Wednesday. The firm's fifty day moving average is $72.52 and its two-hundred day moving average is $73.46. 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 firm has a market cap of $70.96 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In related news, 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 of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 over the last quarter. Corporate insiders own 0.08% of the company's stock.

PayPal 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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