U.S. Capital Wealth Advisors LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

U.S. Capital Wealth Advisors LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 29.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 108,506 shares of the credit services provider's stock after purchasing an additional 24,814 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in PayPal were worth $7,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter valued at $27,000. Garde Capital Inc. acquired a new stake in shares of PayPal in the 1st quarter worth $28,000. Tsfg LLC raised its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the 4th quarter worth $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $0.31 during trading on Wednesday, reaching $74.73. The company had a trading volume of 904,943 shares, compared to its average volume of 10,803,413. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The stock's fifty day moving average price is $71.84 and its 200 day moving average price is $73.94. The firm has a market capitalization of $72.67 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Piper Sandler upgraded shares of PayPal to a "neutral" rating and set a $74.00 target price on the stock in a report on Tuesday, June 24th. Citigroup lowered their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of "Hold" and a consensus target price of $83.42.

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.