PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 80.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,077 shares of the credit services provider's stock after acquiring an additional 3,602 shares during the quarter. KPP Advisory Services LLC's holdings in PayPal were worth $527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new stake in PayPal during the 4th quarter worth about $27,000. Garde Capital Inc. purchased a new stake in PayPal in the 1st quarter valued at about $28,000. Bernard Wealth Management Corp. purchased a new stake in PayPal in the 4th quarter valued at about $34,000. Finally, Pinney & Scofield Inc. purchased a new stake in PayPal in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PYPL shares. Citigroup reduced their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Truist Financial assumed coverage on PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price target on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Wells Fargo & Company reduced 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. Finally, Keefe, Bruyette & Woods reduced their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $83.42.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $73.17 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $71.16 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. The business has a 50 day simple moving average of $69.90 and a 200-day simple moving average of $74.80.

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, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the business earned $1.08 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Diego Scotti sold 3,839 shares of the company'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 transaction, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the company's 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 transaction, the director now owns 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 a total of 11,796 shares of company stock worth $863,028 in the last three months. 0.08% of the stock is owned by insiders.

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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