Townsend Asset Management Corp NC ADV Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Townsend Asset Management Corp NC ADV boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 26.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,092 shares of the credit services provider's stock after buying an additional 10,758 shares during the period. PayPal makes up about 1.3% of Townsend Asset Management Corp NC ADV's holdings, making the stock its 24th biggest position. Townsend Asset Management Corp NC ADV's holdings in PayPal were worth $3,399,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal during the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new stake in PayPal in the fourth quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in PayPal in the 4th quarter valued at approximately $34,000. Pinney & Scofield Inc. acquired a new position in PayPal during the 4th quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in PayPal in the fourth quarter valued at about $38,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on PYPL shares. Barclays decreased their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Royal Bank Of Canada reduced their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Finally, Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has a consensus rating of "Hold" and an average target price of $83.29.

PayPal Stock Performance

Shares of PYPL opened at $68.57 on Thursday. The firm has a market capitalization of $66.69 billion, a PE ratio of 15.34, a P/E/G ratio of 1.17 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $68.67 and a 200 day moving average price of $75.48. 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 posted its quarterly earnings data 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. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the firm posted $1.08 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction that occurred 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 transaction, the director now owns 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president now owns 16,989 shares of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.

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