Arista Wealth Management LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,500 shares of the credit services provider’s stock, valued at approximately $409,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Evermay Wealth Management LLC lifted its position in shares of 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 acquiring an additional 363 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of PayPal in the second quarter valued at $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal in the first quarter valued at $28,000. Tsfg LLC lifted its position in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its position in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
PayPal Stock Performance
Shares of NASDAQ:PYPL opened at $67.41 on Friday. The firm has a market capitalization of $64.40 billion, a PE ratio of 14.40, a P/E/G ratio of 1.02 and a beta of 1.44. 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 business has a 50-day moving average of $68.89 and a two-hundred day moving average of $69.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.
Insiders Place Their Bets
In other PayPal news, EVP Diego Scotti sold 3,838 shares of the company’s 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 completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $492,523.70. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock worth $1,046,607 over the last three months. 0.08% of the stock is owned by insiders.
Analysts Set New Price Targets
Several analysts have recently issued reports on PYPL shares. Barclays restated an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. Seaport Res Ptn upgraded PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research note on Tuesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.44.
View Our Latest Report on PayPal
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.
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