PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lifted by Atala Financial Inc

Atala Financial Inc raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 44.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,875 shares of the credit services provider's stock after purchasing an additional 8,313 shares during the quarter. PayPal comprises approximately 1.3% of Atala Financial Inc's investment portfolio, making the stock its 24th biggest holding. Atala Financial Inc's holdings in PayPal were worth $1,756,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new stake in PayPal in the fourth quarter worth approximately $248,000. Y Intercept Hong Kong Ltd acquired a new position in shares of PayPal during the 4th quarter worth $1,348,000. IFP Advisors Inc increased its stake in shares of PayPal by 55.7% during the 4th quarter. IFP Advisors Inc now owns 12,220 shares of the credit services provider's stock worth $1,043,000 after purchasing an additional 4,370 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in shares of PayPal by 22.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 4,516 shares of the credit services provider's stock valued at $385,000 after purchasing an additional 831 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on PYPL. Arete Research set a $81.00 target price on shares of PayPal in a research report on Thursday, March 27th. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. UBS Group lowered their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird raised their price objective on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Citigroup reduced their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $83.42.

PayPal Trading Down 0.7%

PYPL stock opened at $73.07 on Thursday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The business has a 50 day simple moving average of $69.66 and a two-hundred day simple moving average of $74.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $71.06 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.22 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In related news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president now owns 16,989 shares of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the business'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 $304,824.88. Following the transaction, the insider now owns 48,483 shares of the company's stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by company 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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