PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 83.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,018 shares of the credit services provider's stock after purchasing an additional 8,655 shares during the period. Alta Wealth Advisors LLC's holdings in PayPal were worth $1,241,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PYPL. Brighton Jones LLC increased 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 purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new position in PayPal in the 4th quarter valued at $248,000. Y Intercept Hong Kong Ltd acquired a new position in PayPal in the 4th quarter valued at $1,348,000. IFP Advisors Inc raised its position in PayPal by 55.7% during the 4th quarter. IFP Advisors Inc now owns 12,220 shares of the credit services provider's stock worth $1,043,000 after buying an additional 4,370 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in PayPal by 7.9% during the 4th quarter. Lake Street Advisors Group LLC now owns 12,636 shares of the credit services provider's stock worth $1,078,000 after buying an additional 925 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider now directly owns 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PYPL. Bank of America lowered their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Finally, Evercore ISI started coverage on PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.42.

PayPal Trading Up 0.1%

Shares of PYPL stock opened at $73.17 on Friday. The company has a market capitalization of $71.16 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.21 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $69.90 and a 200 day moving average price of $74.80. 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 posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.