Schaper Benz & Wise Investment Counsel Inc. WI Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,722 shares of the credit services provider's stock after buying an additional 8,986 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in PayPal were worth $11,009,000 as of its most recent SEC filing.

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

PayPal Stock Down 3.0%

Shares of PYPL traded down $2.10 during mid-day trading on Wednesday, reaching $68.57. The company had a trading volume of 20,407,159 shares, compared to its average volume of 11,021,434. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $66.69 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45. The firm has a 50-day moving average price of $68.58 and a 200 day moving average price of $75.53. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Macquarie cut their target price on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Truist Financial began coverage on shares of PayPal in a research note on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective for the company. Arete Research set a $81.00 target price on PayPal in a research note on Thursday, March 27th. Finally, Evercore ISI initiated coverage on PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and an average target price of $83.29.

Insider Buying and Selling

In other news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president now owns 16,989 shares in the company, valued at $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction 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 sale, the insider now directly owns 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 in the last quarter. Corporate insiders own 0.08% of the company's stock.

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.