Quadrant Private Wealth Management LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quadrant Private Wealth Management LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 176.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 58,955 shares of the credit services provider's stock after acquiring an additional 37,625 shares during the quarter. PayPal comprises about 1.0% of Quadrant Private Wealth Management LLC's portfolio, making the stock its 28th biggest holding. Quadrant Private Wealth Management LLC's holdings in PayPal were worth $3,847,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in PayPal in the fourth quarter valued at about $27,000. Garde Capital Inc. acquired a new position in PayPal during the first quarter worth about $28,000. Tsfg LLC grew its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in PayPal during the 4th quarter worth approximately $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PYPL shares. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Monness Crespi & Hardt dropped their target price on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Barclays boosted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.13.

PayPal Stock Up 1.5%

NASDAQ:PYPL traded up $1.16 on Thursday, hitting $77.82. The stock had a trading volume of 10,498,771 shares, compared to its average volume of 8,774,261. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The business's fifty day moving average is $72.95 and its 200 day moving average is $73.08. The company has a market cap of $75.68 billion, a PE ratio of 17.41, a P/E/G ratio of 1.26 and a beta of 1.45.

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

Insider Transactions at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director owned 13,976 shares of the company's stock, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock valued at $863,028 over the last three months. Corporate insiders own 0.08% of the company's stock.

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.