Telos Capital Management Inc. Raises Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Telos Capital Management Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,580 shares of the credit services provider's stock after purchasing an additional 9,260 shares during the period. Telos Capital Management Inc.'s holdings in PayPal were worth $6,302,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PYPL. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new stake in PayPal in the 4th quarter valued at about $34,000. Pinney & Scofield Inc. bought a new stake in PayPal in the 4th quarter valued at about $35,000. Finally, Garde Capital Inc. bought a new stake in PayPal in the 1st quarter valued at about $28,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

NASDAQ PYPL traded up $0.87 on Thursday, hitting $75.70. 6,377,878 shares of the stock traded hands, compared to its average volume of 10,828,908. The business's fifty day moving average is $72.02 and its two-hundred day moving average is $73.95. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The firm has a market capitalization of $73.62 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.22 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 quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The stock was 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 legal filing with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 over the last 90 days. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 target price on shares of PayPal in a research report on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Finally, Citigroup decreased their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating for the company 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PayPal currently has an average rating of "Hold" and an average target price of $83.42.

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.