PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by MV Capital Management Inc.

MV Capital Management Inc. grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 86.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,554 shares of the credit services provider’s stock after purchasing an additional 1,182 shares during the quarter. MV Capital Management Inc.’s holdings in PayPal were worth $167,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in PayPal during the 4th quarter worth about $34,000. Pinney & Scofield Inc. purchased a new position in PayPal during the 4th quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of PayPal in the 4th quarter valued at about $38,000. Institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider now directly owns 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the business’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 $281,168.36. Following the completion of the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock worth $863,028 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

PayPal Trading Down 0.2%

Shares of PYPL stock opened at $74.61 on Thursday. The firm has a fifty day moving average of $67.55 and a 200-day moving average of $76.02. The stock has a market cap of $72.56 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Compass Point began coverage on PayPal in a report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective for the company. Citigroup reduced their price objective on PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $83.29.

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.