MassMutual Private Wealth & Trust FSB Acquires 4,873 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

MassMutual Private Wealth & Trust FSB increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,412 shares of the credit services provider's stock after purchasing an additional 4,873 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in PayPal were worth $6,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised its position in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the period. Avalon Trust Co raised its position in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares during the period. Security National Bank of SO Dak raised its position in PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after purchasing an additional 137 shares during the period. Stegent Equity Advisors Inc. raised its position in PayPal by 3.2% in the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after purchasing an additional 142 shares during the period. Finally, Cohen & Steers Inc. raised its position in PayPal by 5.1% in the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of PYPL stock traded down $0.89 on Friday, reaching $70.04. The stock had a trading volume of 14,934,033 shares, compared to its average volume of 11,210,095. The stock has a market cap of $68.12 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. 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 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day simple moving average of $66.32 and a 200 day simple moving average of $76.71.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PYPL shares. Robert W. Baird boosted their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Compass Point began coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reduced their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus target price of $83.68.

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.