PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,691 shares of the credit services provider's stock after purchasing an additional 16,408 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in PayPal were worth $5,802,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal during the 4th quarter worth about $248,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of PayPal during the 4th quarter worth about $234,000. Van ECK Associates Corp boosted its stake in shares of PayPal by 254.6% during the 4th quarter. Van ECK Associates Corp now owns 231,679 shares of the credit services provider's stock worth $19,774,000 after acquiring an additional 166,342 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its stake in shares of PayPal by 9.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,618 shares of the credit services provider's stock worth $309,000 after acquiring an additional 300 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 1.9%

Shares of PYPL stock traded up $1.34 during trading on Monday, hitting $72.17. 2,423,873 shares of the stock traded hands, compared to its average volume of 11,000,365. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $70.18 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The firm's fifty day moving average price is $68.14 and its 200-day moving average price is $75.67. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Barclays decreased their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Truist Financial started coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target on the stock. Finally, Macquarie decreased their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Three research 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $83.29.

Insider Activity at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president now owns 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the business'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 transaction, the director now owns 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company's stock.

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.