Thoroughbred Financial Services LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Thoroughbred Financial Services LLC increased its stake in PayPal Holdings, Inc. by 30.5%, acquiring an additional 7,206 shares to own a total of 30,845 shares worth approximately $2.01 million.
• Insider selling occurred recently, with Director Deborah M. Messemer and CAO Chris Natali selling a combined total of over 10,000 shares of PayPal stock, indicating a 21.36% decrease in Messemer's position.
• Analysts have set varying price targets for PayPal, with Canaccord Genuity maintaining a "buy" rating with a target of $96.00, while the average price target stands at $84.57, suggesting a positive outlook for the stock.

Thoroughbred Financial Services LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,845 shares of the credit services provider's stock after purchasing an additional 7,206 shares during the period. Thoroughbred Financial Services LLC's holdings in PayPal were worth $2,012,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the 4th quarter valued at about $25,000. Evermay Wealth Management LLC boosted its stake in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. acquired a new position in PayPal during the 1st quarter valued at about $28,000. Tsfg LLC boosted its stake in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in PayPal during the 4th quarter valued at about $34,000. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 2.3%

PYPL stock traded up $1.59 during trading on Wednesday, reaching $69.42. The company had a trading volume of 11,902,757 shares, compared to its average volume of 13,024,427. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market cap of $66.32 billion, a P/E ratio of 14.83, a PEG ratio of 1.04 and a beta of 1.42. The business has a 50 day moving average of $73.03 and a 200 day moving average of $71.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $277,035.00. Following the completion of the sale, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,736 shares of company stock valued at $1,620,835 in the last three months. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. BMO Capital Markets restated a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. Evercore ISI initiated coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup reaffirmed a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Compass Point initiated coverage on shares of PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $84.57.

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.