Telos Capital Management Inc. Purchases 9,260 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Telos Capital Management Inc. lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,580 shares of the credit services provider's stock after acquiring an additional 9,260 shares during the quarter. Telos Capital Management Inc.'s holdings in PayPal were worth $6,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. Norges Bank acquired a new stake in shares of PayPal in the fourth quarter valued at about $1,086,508,000. Capital Research Global Investors increased its position in shares of PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after acquiring an additional 5,772,198 shares during the last quarter. FMR LLC increased its position in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of PayPal by 124.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after acquiring an additional 1,936,520 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PYPL shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research report on Thursday, June 26th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. UBS Group lowered their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Macquarie lowered their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Bank of America lowered their price target on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $83.42.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director directly 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. In the last quarter, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is currently owned by corporate insiders.

PayPal Price Performance

NASDAQ:PYPL traded down $4.34 during trading hours on Friday, reaching $71.36. 21,848,497 shares of the company were exchanged, compared to its average volume of 10,875,181. The company has a market capitalization of $69.40 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.17 and a beta of 1.45. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50 day moving average of $72.31 and a 200 day moving average of $73.55.

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

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.