TD Private Client Wealth LLC Purchases 9,444 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

TD Private Client Wealth LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 106.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,335 shares of the credit services provider's stock after acquiring an additional 9,444 shares during the quarter. TD Private Client Wealth LLC's holdings in PayPal were worth $1,196,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in PayPal in the fourth quarter worth $25,000. Hurley Capital LLC bought a new position in PayPal in the 4th quarter valued at $27,000. Garde Capital Inc. acquired a new position in PayPal during the 1st quarter valued at about $28,000. Tsfg LLC grew its holdings in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new position in PayPal in the fourth quarter valued at about $34,000. Institutional investors own 68.32% of the company's stock.

PayPal Trading Down 1.5%

Shares of NASDAQ PYPL opened at $75.03 on Wednesday. The firm has a 50 day moving average price of $71.84 and a two-hundred day moving average price of $73.94. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The stock has a market cap of $72.97 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. 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 announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of PayPal 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 completion of the sale, the insider owned 48,483 shares of the company's stock, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. BMO Capital Markets lowered their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Evercore ISI initiated coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Citigroup dropped their price objective on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of "Hold" and a consensus 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.

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