Linden Thomas Advisory Services LLC Acquires 386 Shares of PayPal Holdings, Inc. $PYPL

Linden Thomas Advisory Services LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,800 shares of the credit services provider’s stock after acquiring an additional 386 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in PayPal were worth $580,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hilltop National Bank purchased a new stake in PayPal in the 2nd quarter worth $27,000. Evermay Wealth Management LLC increased its holdings in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after buying an additional 363 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. American National Bank & Trust increased its holdings in shares of PayPal by 52.5% in the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after buying an additional 210 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of PayPal by 41.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock worth $42,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities reduced their target price on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 30th. KeyCorp reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. Morgan Stanley reiterated a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. Finally, Seaport Res Ptn raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $82.46.

PayPal Stock Up 0.7%

PYPL stock opened at $70.25 on Tuesday. The firm’s fifty day moving average is $68.95 and its 200 day moving average is $69.92. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a market cap of $67.12 billion, a PE ratio of 15.01, a P/E/G ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter last year, the business earned $1.19 earnings per share. On average, 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.