RFG Advisory LLC Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

RFG Advisory LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 161.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,026 shares of the credit services provider's stock after buying an additional 14,215 shares during the period. RFG Advisory LLC's holdings in PayPal were worth $1,502,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new position in shares of PayPal during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter worth about $34,000. Pinney & Scofield Inc. purchased a new stake in PayPal in the fourth quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of PayPal during the 4th quarter worth $38,000. Institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PYPL shares. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. Citigroup dropped their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Truist Financial started coverage on shares of PayPal in a research report on Monday. They set a "sell" rating and a $68.00 price target on the stock. Monness Crespi & Hardt decreased their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $83.29.

PayPal Trading Up 1.3%

PYPL stock traded up $0.96 on Friday, reaching $73.43. The company's stock had a trading volume of 7,237,245 shares, compared to its average volume of 11,145,262. The firm has a market cap of $71.41 billion, a PE ratio of 18.31, a PEG ratio of 1.27 and a beta of 1.51. The business has a fifty day simple moving average of $66.69 and a two-hundred day simple moving average of $76.32. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. As a group, research analysts forecast 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.