Russell Investments Group Ltd. Has $34.51 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Russell Investments Group Ltd. increased its holdings in PayPal to 529,067 shares, valued at approximately $34.51 million, marking a 6.8% increase in the first quarter.
• PayPal has a consensus rating of "Hold" from analysts, with a consensus target price of $85.00 per share, despite mixed ratings among different analysts.
• Insider sales include Suzan Kereere and Diego Scotti selling shares, representing decreases of 7.91% and 18.43% in their holdings, respectively, indicating potential caution among company executives.

Russell Investments Group Ltd. boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 529,067 shares of the credit services provider's stock after acquiring an additional 33,797 shares during the period. Russell Investments Group Ltd. owned 0.05% of PayPal worth $34,513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PYPL. Brighton Jones LLC grew its holdings in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of PayPal in the 4th quarter valued at $248,000. Mariner LLC grew its holdings in shares of PayPal by 5.0% in the 4th quarter. Mariner LLC now owns 284,977 shares of the credit services provider's stock valued at $24,323,000 after buying an additional 13,535 shares during the period. CreativeOne Wealth LLC grew its holdings in shares of PayPal by 23.9% in the 4th quarter. CreativeOne Wealth LLC now owns 9,245 shares of the credit services provider's stock valued at $789,000 after buying an additional 1,784 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of PayPal in the 4th quarter valued at $615,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

PYPL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a report on Tuesday, July 29th. Piper Sandler set a $74.00 price target on shares of PayPal in a report on Tuesday, July 29th. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Citigroup reaffirmed a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of "Hold" and a consensus target price of $85.00.

Insider Activity at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the firm'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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the firm'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 $281,168.36. Following the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,736 shares of company stock worth $1,620,835 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $69.38 on Friday. The company has a market cap of $66.28 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.09 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. The firm has a 50 day simple moving average of $72.64 and a 200 day simple moving average of $71.07. 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 issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.19 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share 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.

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