PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in PayPal Holdings, Inc. by 2.0%, owning 536,785 shares valued at approximately $35 million as of its recent SEC filing.
• PayPal's stock has seen a decrease of 1.4%, with a market capitalization of $65.69 billion, and its stock is currently trading below its moving averages.
• Analysts have set varying price targets for PayPal, with most recommendations being hold or buy, resulting in a consensus target price of $84.57 per share.

Natixis Advisors LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 536,785 shares of the credit services provider's stock after buying an additional 10,362 shares during the period. Natixis Advisors LLC owned 0.06% of PayPal worth $35,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the fourth quarter worth $25,000. Hurley Capital LLC acquired a new stake in PayPal during the 4th quarter valued at $27,000. Evermay Wealth Management LLC grew its holdings in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. acquired a new stake in PayPal during the 1st quarter valued at $28,000. Finally, Tsfg LLC grew its holdings in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

PYPL traded down $1.65 on Friday, reaching $67.11. 15,163,964 shares of the stock were exchanged, compared to its average volume of 11,875,645. The company's 50-day moving average price is $73.14 and its 200 day moving average price is $72.41. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market capitalization of $64.12 billion, a PE ratio of 14.34, a PEG ratio of 1.06 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction that occurred 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 owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Natali sold 7,102 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,736 shares of company stock valued at $1,620,835. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Bank of America reduced their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Citigroup restated a "buy" rating on shares of PayPal in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.57.

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.