Rezny Wealth Management Inc. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Rezny Wealth Management Inc. has acquired a new stake in PayPal Holdings, purchasing 19,240 shares valued at approximately $1.25 million in the first quarter of the year.
• PayPal's recent earnings report exceeded analysts' expectations, with an EPS of $1.40 against estimates of $1.30, and revenue of $8.29 billion, surpassing the expected $8.08 billion.
• As of now, PayPal has a consensus rating of "Moderate Buy" with a target price averaging around $84.57, amidst several adjustments from research firms.

Rezny Wealth Management Inc. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,240 shares of the credit services provider's stock, valued at approximately $1,255,000.

Other institutional investors and hedge funds have also modified their holdings of the company. NS Partners Ltd grew its stake in PayPal by 0.5% during the first quarter. NS Partners Ltd now owns 197,702 shares of the credit services provider's stock worth $12,900,000 after buying an additional 1,056 shares in the last quarter. Bristlecone Advisors LLC grew its stake in PayPal by 5.5% during the first quarter. Bristlecone Advisors LLC now owns 52,880 shares of the credit services provider's stock worth $3,450,000 after buying an additional 2,756 shares in the last quarter. Savvy Advisors Inc. grew its stake in PayPal by 6.6% during the first quarter. Savvy Advisors Inc. now owns 3,756 shares of the credit services provider's stock worth $245,000 after buying an additional 232 shares in the last quarter. National Bank of Canada FI grew its stake in PayPal by 27.8% during the first quarter. National Bank of Canada FI now owns 1,086,967 shares of the credit services provider's stock worth $70,916,000 after buying an additional 236,283 shares in the last quarter. Finally, Citigroup Inc. grew its stake in PayPal by 27.2% during the first quarter. Citigroup Inc. now owns 2,076,865 shares of the credit services provider's stock worth $135,515,000 after buying an additional 444,235 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PYPL. JMP Securities reduced their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. UBS Group reduced their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Macquarie restated an "outperform" rating and issued a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Truist Financial assumed coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target on the stock. Finally, Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.57.

PayPal Trading Down 0.8%

Shares of NASDAQ:PYPL traded down $0.57 during mid-day trading on Friday, hitting $67.65. The company had a trading volume of 9,663,964 shares, compared to its average volume of 13,469,648. The firm has a fifty day moving average price of $72.89 and a 200 day moving average price of $71.65. The company has a market capitalization of $64.63 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter in the previous year, the business posted $1.19 EPS. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider owned 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,174,279.68. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,736 shares of company stock worth $1,620,835. 0.08% of the stock is owned by insiders.

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.