Visionary Horizons LLC Purchases New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Visionary Horizons LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,872 shares of the credit services provider's stock, valued at approximately $514,000.

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

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $3.98 during trading hours on Friday, reaching $70.83. The stock had a trading volume of 16,734,401 shares, compared to its average volume of 11,033,751. The business's fifty day moving average is $68.14 and its two-hundred day moving average is $75.74. 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 cap of $68.88 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $7.84 billion. During the same period in the prior year, the company posted $1.08 earnings per share. PayPal's revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup lowered their target price on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Seaport Res Ptn cut PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Robert W. Baird boosted their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.29.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider now owns 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director now owns 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock worth $863,028 over the last three months. Company insiders own 0.08% of the company's stock.

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.