Greatmark Investment Partners Inc. Has $18.12 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greatmark Investment Partners Inc. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,737 shares of the credit services provider's stock after acquiring an additional 5,473 shares during the quarter. PayPal comprises approximately 2.5% of Greatmark Investment Partners Inc.'s holdings, making the stock its 16th largest position. Greatmark Investment Partners Inc.'s holdings in PayPal were worth $18,122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. TruNorth Capital Management LLC bought a new position in shares of PayPal in the first quarter valued at approximately $80,000. Stephens Inc. AR increased its position in PayPal by 4.9% during the first quarter. Stephens Inc. AR now owns 34,960 shares of the credit services provider's stock worth $2,281,000 after acquiring an additional 1,633 shares during the period. New York State Common Retirement Fund increased its position in PayPal by 4.5% during the first quarter. New York State Common Retirement Fund now owns 1,381,435 shares of the credit services provider's stock worth $90,139,000 after acquiring an additional 59,419 shares during the period. BankPlus Trust Department increased its position in PayPal by 7.0% during the first quarter. BankPlus Trust Department now owns 12,640 shares of the credit services provider's stock worth $825,000 after acquiring an additional 829 shares during the period. Finally, Realta Investment Advisors increased its position in PayPal by 106.3% during the first quarter. Realta Investment Advisors now owns 14,714 shares of the credit services provider's stock worth $960,000 after acquiring an additional 7,582 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.0%

NASDAQ PYPL traded up $0.01 during trading hours on Wednesday, reaching $72.97. 9,652,794 shares of the company's stock were exchanged, compared to its average volume of 10,877,098. The company's 50-day moving average is $72.52 and its two-hundred day moving average is $73.46. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. 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 company has a market capitalization of $70.97 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations 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 earned $1.08 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm'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 $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director directly owned 13,976 shares of the company's stock, valued at $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 in the last quarter. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Robert W. Baird boosted their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating 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. Macquarie lowered their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Finally, BMO Capital Markets lowered their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.