Wealthfront Advisers LLC Has $4.81 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wealthfront Advisers LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,694 shares of the credit services provider's stock after buying an additional 5,751 shares during the period. Wealthfront Advisers LLC's holdings in PayPal were worth $4,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after purchasing an additional 271,836 shares during the period. FMR LLC increased its holdings in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after buying an additional 2,161,582 shares during the period. Capital Research Global Investors increased its holdings in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Norges Bank bought a new stake in PayPal during the 4th quarter valued at approximately $1,086,508,000. Finally, Northern Trust Corp boosted its position in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred 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 transaction, the insider directly owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $277,035.00. Following the completion of the transaction, the director directly owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $73.86 on Friday. The firm's 50-day moving average price is $72.67 and its two-hundred day moving average price is $73.38. The stock has a market capitalization of $71.83 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.19 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. 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 released 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 analyst estimates of $7.84 billion. During the same quarter in the previous year, the business earned $1.08 EPS. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PYPL. BMO Capital Markets lowered their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. UBS Group cut their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Macquarie dropped their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company decreased their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of PayPal in a research report on Thursday. They issued a "hold" rating and a $75.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $82.81.

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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