Seizert Capital Partners LLC Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Seizert Capital Partners LLC increased its stake in PayPal by 13.4%, acquiring an additional 80,311 shares, bringing its total holdings to 680,876 shares, valued at approximately $44.4 million.
• PayPal reported $1.40 earnings per share (EPS) for the last quarter, surpassing the consensus estimate by $0.10, and generated revenue of $8.29 billion, exceeding analyst projections.
• Insider selling activity was noted, with key executives reducing their shares significantly; Suzan Kereere sold 4,162 shares and Deborah M. Messemer sold 3,795 shares, marking notable decreases in their positions.

Seizert Capital Partners LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 680,876 shares of the credit services provider's stock after buying an additional 80,311 shares during the quarter. PayPal comprises about 2.0% of Seizert Capital Partners LLC's portfolio, making the stock its 20th biggest holding. Seizert Capital Partners LLC owned about 0.07% of PayPal worth $44,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal during the 4th quarter worth approximately $248,000. Orion Portfolio Solutions LLC boosted its position in PayPal by 20.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 28,353 shares of the credit services provider's stock valued at $2,420,000 after buying an additional 4,787 shares during the period. Schroder Investment Management Group grew its stake in shares of PayPal by 7.6% in the fourth quarter. Schroder Investment Management Group now owns 612,283 shares of the credit services provider's stock worth $52,307,000 after acquiring an additional 43,381 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of PayPal by 6.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 34,181 shares of the credit services provider's stock worth $3,006,000 after acquiring an additional 1,944 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated 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 sale, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a report on Tuesday. UBS Group reduced their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Monness Crespi & Hardt cut their target price 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. Robert W. Baird raised their target price on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of PayPal in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal has a consensus rating of "Hold" and an average target price of $84.10.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $1.74 during midday trading on Wednesday, hitting $69.71. The stock had a trading volume of 20,738,048 shares, compared to its average volume of 10,734,490. The company has a market capitalization of $67.80 billion, a PE ratio of 14.90, a P/E/G ratio of 1.15 and a beta of 1.45. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a 50 day moving average price of $73.25 and a two-hundred day moving average price of $72.66. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the previous year, the company earned $1.19 EPS. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.