Tandem Capital Management Corp ADV Acquires 4,303 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tandem Capital Management Corp ADV lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 44.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,895 shares of the credit services provider's stock after buying an additional 4,303 shares during the quarter. Tandem Capital Management Corp ADV's holdings in PayPal were worth $907,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new position in PayPal in the 4th quarter valued at $27,000. Garde Capital Inc. acquired a new position in PayPal in the 1st quarter valued at $28,000. Bernard Wealth Management Corp. acquired a new position in PayPal in the 4th quarter valued at $34,000. Finally, Pinney & Scofield Inc. acquired a new position in PayPal in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 48,483 shares of the company's stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director now directly owns 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Compass Point assumed coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective on the stock. BMO Capital Markets decreased their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $83.42.

PayPal Trading Down 0.7%

PYPL traded down $0.51 during midday trading on Wednesday, reaching $73.07. 7,847,548 shares of the company were exchanged, compared to its average volume of 11,004,075. 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 Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The stock has a market capitalization of $71.06 billion, a P/E ratio of 16.35, a PEG ratio of 1.22 and a beta of 1.45. The stock's 50-day simple moving average is $69.40 and its 200 day simple moving average is $74.93.

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