JT Stratford LLC Acquires 11,336 Shares of PayPal Holdings, Inc. $PYPL

JT Stratford LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,207 shares of the credit services provider’s stock after purchasing an additional 11,336 shares during the quarter. JT Stratford LLC’s holdings in PayPal were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the 4th quarter worth $25,000. Evermay Wealth Management LLC grew its stake in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 363 shares during the period. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter worth $28,000. Tsfg LLC grew its stake in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal during the 4th quarter worth $34,000. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Seaport Res Ptn upgraded PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Piper Sandler set a $74.00 price target on PayPal in a research note on Tuesday, July 29th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Canaccord Genuity Group reissued a “buy” rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Finally, UBS Group dropped their price objective on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $85.00.

Insider Buying and Selling

In related news, 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 transaction, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diego Scotti sold 3,839 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 value of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock valued at $1,620,835 in the last 90 days. 0.08% of the stock is owned by insiders.

PayPal Price Performance

PYPL opened at $69.53 on Tuesday. The stock’s 50 day simple moving average is $72.48 and its 200 day simple moving average is $70.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market cap of $66.43 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.07 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same period last year, the company earned $1.19 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.