Financial Counselors Inc. Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Financial Counselors Inc. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 448,041 shares of the credit services provider's stock after buying an additional 3,476 shares during the period. Financial Counselors Inc.'s holdings in PayPal were worth $29,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after buying an additional 271,836 shares during the last quarter. FMR LLC increased its holdings in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after buying an additional 2,161,582 shares during the last quarter. Capital Research Global Investors raised its position in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares in the last quarter. Norges Bank bought a new position in shares of PayPal in the 4th quarter valued at about $1,086,508,000. Finally, Northern Trust Corp lifted its holdings in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after acquiring an additional 1,669,908 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Activity

In related news, insider Suzan Kereere sold 4,162 shares of the 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 $304,824.88. Following the transaction, the insider owned 48,483 shares in the company, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was 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 owned 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PYPL shares. Monness Crespi & Hardt decreased their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 price target on the stock in a report on Tuesday, June 24th. Bank of America decreased their price target on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Finally, UBS Group reduced their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $83.42.

PayPal Stock Down 1.5%

Shares of PYPL stock traded down $1.15 during mid-day trading on Tuesday, hitting $75.03. 8,751,894 shares of the stock traded hands, compared to its average volume of 10,841,053. The stock has a market cap of $72.97 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.24 and a beta of 1.45. The stock's fifty day moving average is $71.67 and its two-hundred day moving average is $73.94. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results 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%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.