MBB Public Markets I LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,511 shares of the credit services provider’s stock, valued at approximately $294,000.
Other large investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the fourth quarter worth $25,000. Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter valued at $34,000. Pinney & Scofield Inc. bought a new position in PayPal during the fourth quarter valued at $35,000. Evermay Wealth Management LLC increased its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the last quarter. Finally, Garde Capital Inc. bought a new position in PayPal during the first quarter valued at $28,000. Institutional investors own 68.32% of the company’s stock.
PayPal Stock Up 2.5%
Shares of PYPL opened at $67.27 on Friday. The firm has a market capitalization of $64.27 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.01 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $71.00 and a 200-day moving average price of $69.50.
Insider Buying and Selling
In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,102 shares of company stock valued at $1,046,607 over the last three months. 0.08% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on PYPL. JMP Securities cut their price objective on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 30th. Piper Sandler set a $74.00 price objective 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. Barclays reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $85.00.
Read Our Latest Analysis on PYPL
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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