PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Oak Thistle LLC

Oak Thistle LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1,878.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,379 shares of the credit services provider's stock after purchasing an additional 45,934 shares during the period. PayPal accounts for 0.6% of Oak Thistle LLC's investment portfolio, making the stock its 27th largest holding. Oak Thistle LLC's holdings in PayPal were worth $3,157,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC acquired a new stake in PayPal during the 4th quarter worth $25,000. Hurley Capital LLC acquired a new stake in PayPal during the 4th quarter worth $27,000. Garde Capital Inc. acquired a new stake in PayPal during the 1st quarter worth $28,000. Tsfg LLC raised its position in 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 last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in PayPal during the 4th quarter worth $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Up 0.2%

Shares of PayPal stock traded up $0.16 during mid-day trading on Friday, hitting $77.98. 6,882,061 shares of the stock were exchanged, compared to its average volume of 8,787,694. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a market capitalization of $75.84 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.45. The company has a 50-day simple moving average of $73.19 and a 200 day simple moving average of $72.93. 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 (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the company earned $1.08 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction 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 trade represents a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last ninety days. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Macquarie cut their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of PayPal in a research report on Thursday, July 17th. They set a "hold" rating and a $75.00 price objective for the company. Barclays upped their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Royal Bank Of Canada restated an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Finally, Bank of America cut their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of "Hold" and an average target price of $83.13.

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.