Sather Financial Group Inc Purchases 27,730 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Sather Financial Group Inc has increased its holdings in PayPal Holdings, Inc. by 3.7%, now owning 778,497 shares valued at approximately $50.8 million.
• Analyst sentiments on PayPal vary, with some firms lowering their price targets while others maintain or slightly increase their ratings, leaving PayPal's consensus rating at "Hold" with an average target price of $83.13.
• Insiders at PayPal have recently sold shares, with EVP Diego Scotti selling 3,839 shares at an average price of $73.24, marking a significant decrease in their ownership.

Sather Financial Group Inc raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 778,497 shares of the credit services provider's stock after acquiring an additional 27,730 shares during the quarter. PayPal makes up about 3.3% of Sather Financial Group Inc's investment portfolio, making the stock its 13th largest holding. Sather Financial Group Inc owned 0.08% of PayPal worth $50,797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in PayPal in the 4th quarter valued at $1,086,508,000. Capital Research Global Investors boosted its position in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. FMR LLC increased its holdings in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of PayPal by 124.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after purchasing an additional 1,936,520 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after purchasing an additional 1,669,908 shares during the period. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on PYPL shares. UBS Group reduced their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Robert W. Baird boosted their price objective on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Truist Financial assumed coverage on PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price on the stock. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Finally, Evercore ISI began coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of "Hold" and an average target price of $83.13.

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the firm's 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 $304,824.88. Following the completion of the transaction, the insider owned 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $77.98 on Friday. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $75.84 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.28 and a beta of 1.45. The firm has a 50 day simple moving average of $73.19 and a 200 day simple moving average of $72.93.

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 (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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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