Larson Financial Group LLC Raises Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Larson Financial Group LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,788 shares of the credit services provider’s stock after purchasing an additional 330 shares during the quarter. Larson Financial Group LLC’s holdings in PayPal were worth $573,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal in the fourth quarter worth approximately $248,000. Proficio Capital Partners LLC purchased a new position in PayPal during the 4th quarter worth approximately $216,000. Harbour Investments Inc. lifted its stake in shares of PayPal by 10.8% in the 4th quarter. Harbour Investments Inc. now owns 7,906 shares of the credit services provider’s stock valued at $675,000 after purchasing an additional 773 shares during the last quarter. Finally, Evoke Wealth LLC lifted its position in PayPal by 44.0% during the 4th quarter. Evoke Wealth LLC now owns 3,964 shares of the credit services provider’s stock worth $338,000 after acquiring an additional 1,212 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on PYPL shares. Seaport Res Ptn raised shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of PayPal in a research note on Thursday. They set a “hold” rating and a $75.00 target price on the stock. Truist Financial initiated coverage on shares of PayPal in a report on Monday, June 2nd. They issued a “sell” rating and a $68.00 target price for the company. Evercore ISI started coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 target price for the company. Finally, Citigroup lowered their target price on shares of PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.81.

Insider Buying and Selling

In other PayPal news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider owned 48,483 shares of the company’s stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

PayPal Price Performance

NASDAQ:PYPL opened at $73.86 on Friday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50 day moving average price of $72.67 and a 200-day moving average price of $73.38. The firm has a market cap of $71.83 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $7.84 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.