Beacon Investment Advisory Services Inc. Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Beacon Investment Advisory Services Inc. lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 229,712 shares of the credit services provider's stock after purchasing an additional 8,936 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in PayPal were worth $14,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PYPL. Security National Bank of SO Dak lifted its stake in shares of PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after buying an additional 137 shares during the period. Cohen & Steers Inc. raised its stake in PayPal by 5.1% in the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after acquiring an additional 145 shares during the last quarter. Redwood Financial Network Corp lifted its position in PayPal by 4.8% during the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock worth $274,000 after acquiring an additional 147 shares during the period. DMC Group LLC grew its stake in PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock valued at $519,000 after purchasing an additional 155 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC increased its holdings in shares of PayPal by 4.5% in the first quarter. Bryn Mawr Capital Management LLC now owns 3,590 shares of the credit services provider's stock valued at $234,000 after purchasing an additional 155 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL traded up $1.16 on Thursday, hitting $77.82. 10,498,771 shares of the company's stock were exchanged, compared to its average volume of 8,774,261. The firm has a 50-day moving average price of $72.95 and a 200-day moving average price of $73.08. The stock has a market cap of $75.68 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.26 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. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week 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 for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The firm 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%. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $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 Activity

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider owned 48,483 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction 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 approximately $1,020,248. The trade was 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on PYPL shares. Barclays raised their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price for the company. Wells Fargo & Company cut their price target 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. Truist Financial assumed coverage on PayPal in a report on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective for the company. Finally, Macquarie lowered their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $83.13.

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.