Stonegate Investment Group LLC Purchases 18,823 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Stonegate Investment Group LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 501,456 shares of the credit services provider's stock after acquiring an additional 18,823 shares during the quarter. Stonegate Investment Group LLC owned 0.05% of PayPal worth $32,720,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of PayPal during the 4th quarter valued at about $1,086,508,000. Capital Research Global Investors boosted its position in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after acquiring an additional 5,772,198 shares during the last quarter. FMR LLC boosted its position in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of PayPal by 124.1% during the 1st 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 acquiring an additional 1,936,520 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several recent research reports. Canaccord Genuity Group reissued a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Royal Bank Of Canada lowered their price target on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Finally, Citigroup reduced their price objective on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $83.29.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the 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 $304,824.88. Following the transaction, the insider now owns 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock worth $863,028 over the last 90 days. Company insiders own 0.08% of the company's stock.

PayPal Trading Up 2.2%

NASDAQ:PYPL traded up $1.48 on Friday, reaching $70.05. The company's stock had a trading volume of 18,484,205 shares, compared to its average volume of 11,012,217. The firm has a market cap of $68.13 billion, a PE ratio of 15.67, a PEG ratio of 1.16 and a beta of 1.45. The business's 50-day moving average price is $68.98 and its two-hundred day moving average price is $75.16. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last released its 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 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 analyst estimates of $7.84 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. PayPal's revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate 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.