California First Leasing Corp Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

California First Leasing Corp boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,750 shares of the credit services provider's stock after buying an additional 3,650 shares during the quarter. PayPal makes up about 1.5% of California First Leasing Corp's investment portfolio, making the stock its 24th largest holding. California First Leasing Corp's holdings in PayPal were worth $3,311,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth approximately $27,000. Garde Capital Inc. bought a new stake in PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC lifted its holdings in PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of PayPal in the fourth quarter worth $34,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 0.5%

Shares of PYPL stock traded down $0.41 during trading hours on Monday, reaching $76.18. 5,916,204 shares of the stock were exchanged, compared to its average volume of 10,847,290. The firm has a market capitalization of $74.09 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company's 50-day moving average price is $71.45 and its 200-day moving average price is $74.01. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

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, topping the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last quarter. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, 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. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $83.42.

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.