Stratos Wealth Partners LTD. Has $1.99 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Stratos Wealth Partners LTD. lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,448 shares of the credit services provider's stock after selling 7,646 shares during the period. Stratos Wealth Partners LTD.'s holdings in PayPal were worth $1,987,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its position in PayPal by 49.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 24,433 shares of the credit services provider's stock worth $1,594,000 after purchasing an additional 8,118 shares during the last quarter. Alpha Cubed Investments LLC grew its position in shares of PayPal by 35.4% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,732 shares of the credit services provider's stock worth $244,000 after buying an additional 976 shares during the last quarter. Jessup Wealth Management Inc increased its position in shares of PayPal by 40.6% during the first quarter. Jessup Wealth Management Inc now owns 11,467 shares of the credit services provider's stock worth $748,000 after purchasing an additional 3,311 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of PayPal by 11.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 28,508 shares of the credit services provider's stock worth $1,860,000 after acquiring an additional 2,874 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in PayPal by 10.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 410,867 shares of the credit services provider's stock valued at $26,809,000 after purchasing an additional 40,204 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $2.53 during midday trading on Monday, hitting $73.89. The stock had a trading volume of 12,805,129 shares, compared to its average volume of 10,883,605. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a market capitalization of $71.86 billion, a PE ratio of 16.53, a P/E/G ratio of 1.17 and a beta of 1.45. The stock has a 50 day moving average price of $72.31 and a two-hundred day moving average price of $73.55. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share 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 during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the business earned $1.08 EPS. The business's revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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 transaction of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider directly owned 48,483 shares of the company's stock, valued at approximately $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 sold a total of 11,796 shares of company stock valued at $863,028 in the last quarter. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. Wells Fargo & Company cut their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird boosted their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Barclays dropped their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Macquarie lowered their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 target price for the company in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal has an average rating of "Hold" and an average target price of $83.42.

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.