Linscomb Wealth Inc. Purchases 2,636 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Linscomb Wealth Inc. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,813 shares of the credit services provider’s stock after acquiring an additional 2,636 shares during the quarter. Linscomb Wealth Inc.’s holdings in PayPal were worth $2,076,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SouthState Corp grew its position in PayPal by 9.6% in the 1st quarter. SouthState Corp now owns 67,777 shares of the credit services provider’s stock worth $4,422,000 after purchasing an additional 5,934 shares during the last quarter. Nuveen LLC acquired a new stake in PayPal in the 1st quarter worth $529,264,000. Aigen Investment Management LP acquired a new stake in PayPal in the 1st quarter worth $452,000. Cooper Financial Group grew its position in PayPal by 14.1% in the 1st quarter. Cooper Financial Group now owns 25,247 shares of the credit services provider’s stock worth $1,647,000 after purchasing an additional 3,128 shares during the last quarter. Finally, Virtu Financial LLC grew its position in PayPal by 114.0% in the 1st quarter. Virtu Financial LLC now owns 57,129 shares of the credit services provider’s stock worth $3,728,000 after purchasing an additional 30,432 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the company’s stock in a transaction that occurred on 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 owned 13,976 shares of the company’s stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the company’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 transaction 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. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,736 shares of company stock valued at $1,620,835. 0.08% of the stock is currently owned by corporate insiders.

PayPal Trading Down 0.8%

PYPL opened at $67.65 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $64.63 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. The firm has a 50 day simple moving average of $72.89 and a 200 day simple moving average of $71.40. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the previous year, the firm posted $1.19 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Macquarie reiterated an “outperform” rating and set a $95.00 target price on shares of PayPal in a research report on Wednesday, July 30th. BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Citigroup reiterated a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research report on Tuesday, July 29th. Finally, UBS Group decreased their target price on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.