Boltwood Capital Management Acquires 505 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Boltwood Capital Management lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,335 shares of the credit services provider’s stock after purchasing an additional 505 shares during the quarter. Boltwood Capital Management’s holdings in PayPal were worth $413,000 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. Lake Street Private Wealth LLC raised its position in shares of PayPal by 5.2% in the 1st quarter. Lake Street Private Wealth LLC now owns 36,020 shares of the credit services provider’s stock worth $2,350,000 after acquiring an additional 1,785 shares in the last quarter. Secure Asset Management LLC increased its holdings in shares of PayPal by 1,045.2% in the first quarter. Secure Asset Management LLC now owns 34,493 shares of the credit services provider’s stock valued at $2,251,000 after purchasing an additional 31,481 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its position in PayPal by 1.2% in the first quarter. Key Client Fiduciary Advisors LLC now owns 25,563 shares of the credit services provider’s stock worth $1,668,000 after acquiring an additional 295 shares during the period. Teamwork Financial Advisors LLC purchased a new position in shares of PayPal during the first quarter worth $2,930,000. Finally, First Financial Corp IN boosted its holdings in PayPal by 8.2% in the first quarter. First Financial Corp IN now owns 12,196 shares of the credit services provider’s stock valued at $796,000 after purchasing an additional 922 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 2.1%

PayPal stock opened at $72.80 on Thursday. The company has a 50-day simple moving average of $66.55 and a 200-day simple moving average of $76.41. The firm has a market capitalization of $70.80 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.27 and a beta of 1.51. 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 Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The business 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Wells Fargo & Company lowered their price target on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their target price on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Finally, Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. 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, the company currently has an average rating of “Hold” and an average price target of $83.29.

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.