Welch & Forbes LLC Raises Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Welch & Forbes LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 35.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 69,139 shares of the credit services provider’s stock after purchasing an additional 18,010 shares during the period. Welch & Forbes LLC’s holdings in PayPal were worth $7,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Acropolis Investment Management LLC boosted its stake in PayPal by 2.2% in the fourth quarter. Acropolis Investment Management LLC now owns 2,928 shares of the credit services provider’s stock worth $552,000 after buying an additional 62 shares in the last quarter. Lineweaver Wealth Advisors LLC boosted its stake in PayPal by 0.9% in the fourth quarter. Lineweaver Wealth Advisors LLC now owns 6,611 shares of the credit services provider’s stock worth $1,246,000 after buying an additional 62 shares in the last quarter. First Bank & Trust boosted its stake in PayPal by 1.0% in the fourth quarter. First Bank & Trust now owns 7,151 shares of the credit services provider’s stock worth $1,349,000 after buying an additional 71 shares in the last quarter. Moser Wealth Advisors LLC boosted its stake in PayPal by 3.6% in the fourth quarter. Moser Wealth Advisors LLC now owns 2,178 shares of the credit services provider’s stock worth $411,000 after buying an additional 75 shares in the last quarter. Finally, Wendell David Associates Inc. boosted its stake in PayPal by 1.6% in the fourth quarter. Wendell David Associates Inc. now owns 4,788 shares of the credit services provider’s stock worth $903,000 after buying an additional 77 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

In other PayPal news, EVP Peggy Alford sold 14,767 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $85.32, for a total value of $1,259,920.44. Following the transaction, the executive vice president now owns 39,891 shares of the company’s stock, valued at $3,403,500.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Enrique Lores bought 1,100 shares of the stock in a transaction on Wednesday, May 4th. The stock was purchased at an average cost of $88.13 per share, for a total transaction of $96,943.00. Following the acquisition, the director now owns 5,235 shares of the company’s stock, valued at approximately $461,360.55. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by corporate insiders.

PayPal stock opened at $74.40 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 1.19. PayPal Holdings, Inc. has a one year low of $67.58 and a one year high of $310.16. The stock has a market capitalization of $86.16 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The business’s fifty day moving average is $79.79 and its 200 day moving average is $114.74.

PayPal (NASDAQ:PYPLGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). PayPal had a net margin of 13.87% and a return on equity of 17.90%. The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.41 billion. During the same period last year, the business earned $0.91 earnings per share. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 2.67 EPS for the current fiscal year.

Several analysts have weighed in on the company. Piper Sandler lowered their price objective on PayPal from $140.00 to $93.00 in a research report on Wednesday. Cowen lowered their price objective on PayPal from $174.00 to $104.00 in a research report on Thursday, April 28th. Oppenheimer lowered their price objective on PayPal from $173.00 to $118.00 in a research report on Thursday, April 28th. Credit Suisse Group lowered their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, June 22nd. Finally, DA Davidson lowered their price objective on PayPal from $166.00 to $144.00 in a research report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.44.

PayPal Company Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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