13,110 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,110 shares of the credit services provider's stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. J. Goldman & Co LP raised its position in shares of PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after buying an additional 27,812 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP raised its position in PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after purchasing an additional 183,011 shares in the last quarter. StoneX Group Inc. lifted its stake in PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC purchased a new position in shares of PayPal in the 4th quarter worth about $581,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president now directly owns 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the business'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 value of $277,035.00. Following the transaction, the director now owns 13,976 shares in the company, valued at approximately $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 three months, insiders have sold 11,796 shares of company stock valued at $863,028. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Friday, February 28th. Royal Bank Of Canada cut their price objective on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Barclays decreased their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Truist Financial assumed coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $83.29.

PayPal Stock Down 3.0%

Shares of PayPal stock traded down $2.10 on Thursday, reaching $68.57. The stock had a trading volume of 20,407,159 shares, compared to its average volume of 11,021,444. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $66.69 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.17 and a beta of 1.45. The company has a 50 day moving average price of $68.67 and a 200 day moving average price of $75.48. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the prior year, the business posted $1.08 EPS. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.