PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Secure Asset Management LLC

Secure Asset Management LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1,045.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,493 shares of the credit services provider's stock after buying an additional 31,481 shares during the period. Secure Asset Management LLC's holdings in PayPal were worth $2,251,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC boosted its holdings in shares of PayPal by 1.2% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 25,563 shares of the credit services provider's stock worth $1,668,000 after purchasing an additional 295 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter worth approximately $2,930,000. First Financial Corp IN lifted its position in PayPal by 8.2% during the 1st quarter. First Financial Corp IN now owns 12,196 shares of the credit services provider's stock worth $796,000 after acquiring an additional 922 shares during the period. JBGlobal.com LLC lifted its position in PayPal by 3.9% during the 1st quarter. JBGlobal.com LLC now owns 8,079 shares of the credit services provider's stock worth $527,000 after acquiring an additional 303 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in shares of PayPal by 275.1% in the 1st quarter. Whipplewood Advisors LLC now owns 874 shares of the credit services provider's stock valued at $57,000 after buying an additional 641 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PYPL. Arete Research set a $81.00 price target on PayPal in a report on Thursday, March 27th. Royal Bank of Canada reduced their price target on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. BMO Capital Markets reduced their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Compass Point started coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective for the company. Finally, DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal has an average rating of "Hold" and an average price target of $83.29.

PayPal Stock Down 0.5%

Shares of NASDAQ PYPL traded down $0.33 during midday trading on Thursday, reaching $72.47. 6,312,934 shares of the company's stock were exchanged, compared to its average volume of 11,160,793. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The stock has a market capitalization of $70.48 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The business's fifty day moving average price is $66.55 and its two-hundred day moving average price is $76.41.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. 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.