PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by California First Leasing Corp

California First Leasing Corp increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,750 shares of the credit services provider's stock after purchasing an additional 3,650 shares during the quarter. PayPal accounts for approximately 1.5% of California First Leasing Corp's holdings, making the stock its 24th biggest position. California First Leasing Corp's holdings in PayPal were worth $3,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new position in PayPal during the fourth quarter worth $248,000. Assetmark Inc. raised its stake in PayPal by 492.4% in the 4th quarter. Assetmark Inc. now owns 1,410 shares of the credit services provider's stock valued at $120,000 after purchasing an additional 1,172 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $216,000. Finally, Vestmark Advisory Solutions Inc. raised its holdings in PayPal by 19.1% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 6,916 shares of the credit services provider's stock valued at $590,000 after acquiring an additional 1,111 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 0.1%

PYPL opened at $76.41 on Monday. The firm has a market cap of $74.31 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The business has a 50 day moving average price of $71.45 and a 200 day moving average price of $74.01. 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 results 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 company had revenue of $7.79 billion for 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 business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. UBS Group decreased their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price objective on shares of PayPal in a research note on Wednesday, April 30th. Seaport Res Ptn cut PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Finally, Citigroup cut their price target on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.42.

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction dated Friday, June 6th. The shares were 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 owned 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

PayPal 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.

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