Petros Family Wealth LLC Invests $308,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Petros Family Wealth LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,716 shares of the credit services provider's stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors have also modified their holdings of PYPL. Keudell Morrison Wealth Management boosted its stake in PayPal by 13.6% during the first quarter. Keudell Morrison Wealth Management now owns 3,898 shares of the credit services provider's stock worth $254,000 after buying an additional 468 shares in the last quarter. WoodTrust Financial Corp lifted its holdings in shares of PayPal by 152.4% during the first quarter. WoodTrust Financial Corp now owns 159,365 shares of the credit services provider's stock valued at $10,399,000 after acquiring an additional 96,217 shares during the period. Spirepoint Private Client LLC bought a new position in shares of PayPal during the first quarter valued at $405,000. AssuredPartners Investment Advisors LLC lifted its holdings in shares of PayPal by 25.7% during the first quarter. AssuredPartners Investment Advisors LLC now owns 5,031 shares of the credit services provider's stock valued at $328,000 after acquiring an additional 1,028 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of PayPal by 14.1% during the first quarter. Asset Management One Co. Ltd. now owns 435,276 shares of the credit services provider's stock valued at $28,402,000 after acquiring an additional 53,886 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Bank of America cut their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler cut their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, UBS Group cut their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $83.29.

PayPal Price Performance

PayPal stock opened at $72.01 on Tuesday. The firm has a market capitalization of $70.03 billion, a P/E ratio of 16.11, a PEG ratio of 1.16 and a beta of 1.45. 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 moving average of $69.17 and a 200-day moving average of $74.94. 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 posted its 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. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the business'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 $304,824.88. Following the completion of the transaction, the insider now owns 48,483 shares of the company's stock, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by company insiders.

About PayPal

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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