Matauro LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,699 shares of the credit services provider’s stock, valued at approximately $349,000.
Several other large investors have also recently made changes to their positions in PYPL. Kennebec Savings Bank increased its position in shares of PayPal by 7.8% during the second quarter. Kennebec Savings Bank now owns 9,412 shares of the credit services provider’s stock valued at $700,000 after acquiring an additional 679 shares in the last quarter. Philip James Wealth Mangement LLC increased its position in shares of PayPal by 3.1% during the second quarter. Philip James Wealth Mangement LLC now owns 32,261 shares of the credit services provider’s stock valued at $2,398,000 after acquiring an additional 978 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of PayPal by 15.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 5,726,695 shares of the credit services provider’s stock valued at $425,608,000 after acquiring an additional 756,058 shares in the last quarter. New Wave Wealth Advisors LLC increased its position in shares of PayPal by 17.0% during the second quarter. New Wave Wealth Advisors LLC now owns 4,360 shares of the credit services provider’s stock valued at $324,000 after acquiring an additional 635 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its position in shares of PayPal by 23.2% during the second quarter. Newman Dignan & Sheerar Inc. now owns 6,560 shares of the credit services provider’s stock valued at $488,000 after acquiring an additional 1,235 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
PayPal Trading Up 3.4%
Shares of PYPL stock opened at $68.93 on Friday. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a fifty day moving average price of $68.85 and a 200-day moving average price of $69.31. 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 $65.85 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.03 and a beta of 1.44.
Insider Activity
In related news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on 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 owned 48,483 shares in the company, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their position. 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 in the last 90 days. Company insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on PYPL. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research report on Tuesday, July 29th. Barclays reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Citigroup reissued a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, Piper Sandler set a $74.00 price target on shares of PayPal in a research report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.50.
View Our Latest Stock Analysis on PYPL
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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