PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 37.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,022 shares of the credit services provider's stock after buying an additional 11,747 shares during the period. AE Wealth Management LLC's holdings in PayPal were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new stake in PayPal during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter valued at about $34,000. Pinney & Scofield Inc. purchased a new stake in PayPal during the 4th quarter valued at about $35,000. Finally, Garde Capital Inc. purchased a new stake in PayPal during the 1st quarter valued at about $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PayPal stock opened at $77.98 on Friday. 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 business has a 50 day simple moving average of $73.19 and a two-hundred day simple moving average of $72.93. The stock has a market capitalization of $75.84 billion, a P/E ratio of 17.45, a PEG ratio of 1.28 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.

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, 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 return on equity of 24.59% and a net margin of 14.26%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several research analyst reports. Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 price target on the stock in a research note on Tuesday, June 24th. Compass Point initiated coverage on PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Bank of America dropped their price target on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $83.13.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the company'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 $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 13,976 shares of the company's stock, 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. Insiders sold 11,796 shares of company stock worth $863,028 over the last ninety days. Corporate insiders own 0.08% of the company's stock.

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.

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