Wealthcare Advisory Partners LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 20.2% during the second quarter, Holdings Channel reports. The fund owned 9,157 shares of the credit services provider’s stock after acquiring an additional 1,541 shares during the period. Wealthcare Advisory Partners LLC’s holdings in PayPal were worth $681,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Evermay Wealth Management LLC increased its stake in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the last quarter. Hilltop National Bank bought a new position in shares of PayPal during the second quarter valued at about $27,000. Garde Capital Inc. bought a new position in shares of PayPal during the first quarter valued at about $28,000. Tsfg LLC grew its stake in shares of PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.
PayPal Stock Performance
PayPal stock opened at $76.13 on Thursday. The stock’s 50 day simple moving average is $68.73 and its two-hundred day simple moving average is $69.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $72.73 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.15 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.
Insider Buying and Selling at PayPal
In other news, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Barclays reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. JMP Securities reduced their price objective on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Rothschild & Co Redburn raised their price objective on PayPal from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PayPal currently has an average rating of “Hold” and a consensus price target of $84.50.
Read Our Latest Analysis on PayPal
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.
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