Realta Investment Advisors Acquires 7,582 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Realta Investment Advisors increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 106.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,714 shares of the credit services provider's stock after buying an additional 7,582 shares during the period. Realta Investment Advisors' holdings in PayPal were worth $960,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the 4th quarter worth about $27,000. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter worth about $28,000. Tsfg LLC lifted 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 worth $29,000 after acquiring an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal during the 4th quarter worth about $34,000. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PYPL. Monness Crespi & Hardt reduced their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Compass Point began coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Seaport Res Ptn downgraded shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Finally, Evercore ISI initiated coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price for the company. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of "Hold" and an average price target of $83.42.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of PayPal 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 $281,168.36. Following the transaction, the executive vice president owned 16,989 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider owned 48,483 shares of the company's stock, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is currently owned by corporate insiders.

PayPal Trading Down 5.7%

PayPal stock traded down $4.34 during midday trading on Friday, hitting $71.36. 21,848,497 shares of the stock were exchanged, compared to its average volume of 10,875,181. The company has a fifty day simple moving average of $72.31 and a two-hundred day simple moving average of $73.66. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a market capitalization of $69.40 billion, a PE ratio of 15.96, a P/E/G ratio of 1.17 and a beta of 1.45. 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 (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.