Verdence Capital Advisors LLC Buys 8,761 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Verdence Capital Advisors LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 89.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,547 shares of the credit services provider's stock after acquiring an additional 8,761 shares during the period. Verdence Capital Advisors LLC's holdings in PayPal were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of PayPal during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the fourth quarter worth $34,000. Pinney & Scofield Inc. purchased a new stake in PayPal during the fourth quarter valued at $35,000. Finally, Garde Capital Inc. purchased a new stake in PayPal in the first quarter worth about $28,000. Institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research reports. Monness Crespi & Hardt reduced their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday. Keefe, Bruyette & Woods lowered their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Evercore ISI began coverage on PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of "Hold" and an average target price of $82.81.

PayPal Stock Up 1.2%

Shares of NASDAQ PYPL opened at $73.86 on Friday. The company has a market capitalization of $71.83 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. 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 $72.67 and a two-hundred day moving average of $73.38. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during 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 business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diego Scotti sold 3,839 shares of the business's 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 transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

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.

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