Red Spruce Capital LLC Has $5.38 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Red Spruce Capital LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,462 shares of the credit services provider's stock after selling 9,845 shares during the quarter. PayPal makes up approximately 2.5% of Red Spruce Capital LLC's portfolio, making the stock its 8th largest holding. Red Spruce Capital LLC's holdings in PayPal were worth $5,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new position in PayPal during the fourth quarter worth $25,000. Hurley Capital LLC bought a new position in PayPal during the fourth quarter worth $27,000. Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth $34,000. Pinney & Scofield Inc. bought a new position in PayPal during the fourth quarter worth $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in PayPal during the fourth quarter worth $38,000. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PYPL shares. Morgan Stanley boosted their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Robert W. Baird boosted their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Finally, Evercore ISI assumed coverage on shares of PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.68.

PayPal Price Performance

NASDAQ PYPL traded down $0.89 on Friday, hitting $70.04. 14,934,033 shares of the company were exchanged, compared to its average volume of 11,210,101. The firm has a 50 day moving average of $66.32 and a two-hundred day moving average of $76.71. The company has a market cap of $68.12 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly 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 business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. On average, 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.