Vest Financial LLC Purchases 4,703 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Vest Financial LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 69.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,469 shares of the credit services provider's stock after purchasing an additional 4,703 shares during the quarter. Vest Financial LLC's holdings in PayPal were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the fourth quarter valued at $25,000. Hurley Capital LLC bought a new stake in PayPal in the fourth quarter valued at $27,000. Bernard Wealth Management Corp. bought a new stake in PayPal in the fourth quarter valued at $34,000. Pinney & Scofield Inc. bought a new stake in PayPal in the fourth quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in PayPal in the fourth quarter valued at $38,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Up 1.3%

PYPL stock opened at $73.43 on Monday. 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 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $71.41 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.27 and a beta of 1.45. The business has a 50 day simple moving average of $66.84 and a two-hundred day simple moving average of $76.13.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PYPL. Royal Bank of Canada dropped their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company dropped their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America dropped their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Compass Point began coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $83.29.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.

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