WoodTrust Financial Corp Purchases 96,217 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

WoodTrust Financial Corp lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 152.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,365 shares of the credit services provider's stock after buying an additional 96,217 shares during the period. PayPal comprises 1.5% of WoodTrust Financial Corp's holdings, making the stock its 23rd largest position. WoodTrust Financial Corp's holdings in PayPal were worth $10,399,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. J. Goldman & Co LP increased its position in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after buying an additional 27,812 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after buying an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP increased its position in shares of PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after buying an additional 183,011 shares in the last quarter. StoneX Group Inc. increased its position in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after buying an additional 11,260 shares in the last quarter. Finally, Ring Mountain Capital LLC bought a new stake in shares of PayPal in the 4th quarter valued at $581,000. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 2.8%

Shares of NASDAQ:PYPL opened at $72.01 on Tuesday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a market capitalization of $70.03 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.16 and a beta of 1.45. The company has a 50-day simple moving average of $69.17 and a 200 day simple moving average of $74.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results 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 the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 EPS. PayPal's revenue was up 1.2% on a year-over-year basis. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Bank of America lowered their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI began coverage on PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price for the company. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. UBS Group lowered their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Piper Sandler lowered their target price on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $83.29.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 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.

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