NBC Securities Inc. Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

NBC Securities Inc. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 99,209.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,924 shares of the credit services provider's stock after purchasing an additional 10,913 shares during the period. NBC Securities Inc.'s holdings in PayPal were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PYPL. Fiduciary Alliance LLC raised its position in PayPal by 20.8% during the first quarter. Fiduciary Alliance LLC now owns 117,569 shares of the credit services provider's stock valued at $7,671,000 after purchasing an additional 20,239 shares in the last quarter. Baker Tilly Wealth Management LLC grew its holdings in PayPal by 7.4% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 5,300 shares of the credit services provider's stock worth $346,000 after acquiring an additional 364 shares during the last quarter. Iowa State Bank increased its holdings in PayPal by 6.9% in the first quarter. Iowa State Bank now owns 31,664 shares of the credit services provider's stock valued at $2,066,000 after purchasing an additional 2,052 shares during the period. Czech National Bank raised its position in shares of PayPal by 4.5% during the first quarter. Czech National Bank now owns 227,213 shares of the credit services provider's stock worth $14,826,000 after acquiring an additional 9,842 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. raised its holdings in PayPal by 13.4% during the 1st quarter. Bond & Devick Financial Network Inc. now owns 4,801 shares of the credit services provider's stock worth $313,000 after purchasing an additional 566 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Performance

PayPal stock traded up $0.96 during midday trading on Friday, reaching $73.43. The stock had a trading volume of 7,237,245 shares, compared to its average volume of 11,145,262. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The firm has a market capitalization of $71.41 billion, a PE ratio of 18.31, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average price is $66.69 and its 200 day moving average price is $76.32.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Truist Financial started coverage on PayPal in a research report on Monday. They set a "sell" rating and a $68.00 target price on the stock. Citigroup reduced their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Piper Sandler decreased their price target on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, BMO Capital Markets dropped their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of "Hold" and a consensus price target of $83.29.

About PayPal

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.