PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 47,873 shares of the credit services provider’s stock after purchasing an additional 1,900 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in PayPal were worth $3,124,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avalon Trust Co lifted its stake in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after purchasing an additional 135 shares in the last quarter. Security National Bank of SO Dak lifted its stake in shares of PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock valued at $1,041,000 after purchasing an additional 137 shares in the last quarter. Stegent Equity Advisors Inc. lifted its stake in shares of PayPal by 3.2% in the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider’s stock valued at $388,000 after purchasing an additional 142 shares in the last quarter. Cohen & Steers Inc. lifted its stake in shares of PayPal by 5.1% in the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider’s stock valued at $257,000 after purchasing an additional 145 shares in the last quarter. Finally, Redwood Financial Network Corp lifted its stake in shares of PayPal by 4.8% in the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider’s stock valued at $274,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PYPL shares. Morgan Stanley lifted their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, April 30th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Compass Point assumed coverage on PayPal in a research report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price target on PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.29.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $68.57 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $66.69 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The business has a 50 day simple moving average of $68.83 and a 200-day simple moving average of $75.36.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the business earned $1.08 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity

In related news, Director Deborah M. Messemer sold 3,795 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider now owns 48,483 shares of the company’s stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by insiders.

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.