Principle Wealth Partners LLC Acquires 3,737 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Principle Wealth Partners LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 94.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,675 shares of the credit services provider's stock after purchasing an additional 3,737 shares during the quarter. Principle Wealth Partners LLC's holdings in PayPal were worth $501,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in PayPal by 1.3% during the 4th 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 purchasing an additional 271,836 shares during the period. FMR LLC lifted its position in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares during the period. Capital Research Global Investors lifted its position in 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 purchasing an additional 9,313,783 shares during the period. Norges Bank acquired a new position in PayPal during the 4th quarter valued at about $1,086,508,000. Finally, Northern Trust Corp lifted its position in PayPal by 19.0% during 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 purchasing an additional 1,669,908 shares during the period. Institutional investors own 68.32% of the company's stock.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the company'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 sale, the director directly owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company'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 sale, the insider owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PYPL shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Compass Point started coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Piper Sandler upgraded shares of PayPal to a "neutral" rating and set a $74.00 price target on the stock in a research report on Tuesday, June 24th. Finally, UBS Group cut their price target 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. 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's stock. According to data from MarketBeat.com, PayPal has a consensus rating of "Hold" and an average price target of $83.13.

PayPal Price Performance

NASDAQ PYPL traded up $0.16 during trading on Friday, hitting $77.98. 6,882,061 shares of the company's stock were exchanged, compared to its average volume of 8,787,694. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $75.84 billion, a PE ratio of 17.45, a P/E/G ratio of 1.28 and a beta of 1.45. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock's 50 day moving average price is $73.19 and its two-hundred day moving average price is $72.93.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Research analysts expect 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.