PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Lifted by One Wealth Advisors LLC

One Wealth Advisors LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,041 shares of the credit services provider's stock after purchasing an additional 4,016 shares during the period. One Wealth Advisors LLC's holdings in PayPal were worth $2,091,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $27,000. Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC grew its position in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the 4th quarter worth approximately $34,000. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PYPL shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Bank of America reduced their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.13.

Insider Buying and Selling at PayPal

In other news, 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 transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $281,168.36. Following the sale, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $1.16 during midday trading on Thursday, reaching $77.82. 10,498,771 shares of the company were exchanged, compared to its average volume of 8,774,261. 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 1 year low of $55.85 and a 1 year high of $93.66. The stock has a fifty day simple moving average of $73.08 and a 200 day simple moving average of $73.00. The stock has a market cap of $75.68 billion, a P/E ratio of 17.41, a PEG ratio of 1.26 and a beta of 1.45.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the firm earned $1.08 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.