44,908 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,908 shares of the credit services provider's stock, valued at approximately $2,930,000.

A number of other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC boosted its position in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the period. Avalon Trust Co lifted its stake in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after buying an additional 135 shares in the last quarter. Security National Bank of SO Dak boosted its holdings in PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after buying an additional 137 shares during the period. Stegent Equity Advisors Inc. grew its stake in PayPal by 3.2% in the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock valued at $388,000 after buying an additional 142 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Down 0.5%

PYPL traded down $0.33 on Thursday, hitting $72.47. The company had a trading volume of 6,312,934 shares, compared to its average volume of 11,151,571. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a fifty day simple moving average of $66.55 and a 200-day simple moving average of $76.41. The firm has a market capitalization of $70.48 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. BMO Capital Markets cut their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Barclays dropped their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Macquarie decreased their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. 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. Based on data from MarketBeat.com, PayPal currently has an average rating of "Hold" and a consensus target price of $83.29.

About PayPal

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.