Parcion Private Wealth LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Parcion Private Wealth LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 108.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,334 shares of the credit services provider's stock after purchasing an additional 4,334 shares during the quarter. Parcion Private Wealth LLC's holdings in PayPal were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at $1,086,508,000. Capital Research Global Investors lifted its position in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after buying an additional 5,772,198 shares during the last quarter. FMR LLC lifted its position in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after buying an additional 2,161,582 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock worth $228,206,000 after purchasing an additional 1,936,520 shares in the last quarter. 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 PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PYPL shares. Deutsche Bank Aktiengesellschaft started coverage on PayPal in a report on Thursday. They set a "hold" rating and a $75.00 price objective on the stock. Wells Fargo & Company dropped their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Compass Point initiated coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price on the stock. Evercore ISI initiated coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. Finally, Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus target price of $82.81.

PayPal Stock Performance

Shares of PYPL traded up $0.89 during trading hours on Thursday, hitting $73.86. The stock had a trading volume of 8,515,101 shares, compared to its average volume of 10,877,909. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick 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 market capitalization of $71.83 billion, a PE ratio of 16.52, a PEG ratio of 1.19 and a beta of 1.45. The stock has a fifty day moving average price of $72.60 and a 200 day moving average price of $73.46.

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 the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS 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.