Zions Bancorporation National Association UT Invests $4.74 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Zions Bancorporation has purchased 72,622 shares of PayPal Holdings, valued at approximately $4.7 million, according to its recent SEC filing.
• A majority of 68.32% of PayPal’s stock is owned by institutional investors and recent filings indicate several funds have increased or established new positions in the company.
• Despite a mixed outlook from analysts, PayPal's stock currently holds an average rating of "Moderate Buy" and a consensus target price of $84.57.

Zions Bancorporation National Association UT acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 72,622 shares of the credit services provider's stock, valued at approximately $4,739,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the fourth quarter worth about $25,000. Evermay Wealth Management LLC lifted its stake in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares in the last quarter. Garde Capital Inc. bought a new position in PayPal in the first quarter valued at approximately $28,000. Tsfg LLC boosted its stake in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the 4th quarter worth about $34,000. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 0.8%

PYPL stock traded down $0.57 during trading on Friday, hitting $67.65. The company had a trading volume of 9,663,964 shares, compared to its average volume of 13,469,648. The stock has a market cap of $64.63 billion, a PE ratio of 14.46, a PEG ratio of 1.04 and a beta of 1.42. The business has a 50-day moving average of $72.89 and a 200-day moving average of $71.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same period in the prior year, the firm posted $1.19 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,174,279.68. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,736 shares of company stock valued at $1,620,835. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PYPL shares. Piper Sandler set a $74.00 price target on PayPal in a report on Tuesday, July 29th. JMP Securities reduced their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a report on Wednesday, July 30th. Finally, BMO Capital Markets restated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $85.00.

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.