Beech Hill Advisors Inc. Buys 1,675 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Beech Hill Advisors Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 39,325 shares of the credit services provider’s stock after purchasing an additional 1,675 shares during the period. Beech Hill Advisors Inc.’s holdings in PayPal were worth $2,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KG&L Capital Management LLC raised its stake in PayPal by 35.3% during the 1st quarter. KG&L Capital Management LLC now owns 6,485 shares of the credit services provider’s stock worth $423,000 after acquiring an additional 1,691 shares during the period. KPP Advisory Services LLC boosted its position in shares of PayPal by 80.5% in the first quarter. KPP Advisory Services LLC now owns 8,077 shares of the credit services provider’s stock worth $527,000 after purchasing an additional 3,602 shares during the period. Sabal Trust CO increased its stake in shares of PayPal by 27.9% in the first quarter. Sabal Trust CO now owns 10,136 shares of the credit services provider’s stock worth $661,000 after purchasing an additional 2,211 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of PayPal by 5.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 27,314 shares of the credit services provider’s stock valued at $1,782,000 after purchasing an additional 1,379 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of PayPal by 17.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 4,970,637 shares of the credit services provider’s stock valued at $324,334,000 after buying an additional 737,296 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on Friday, June 6th. The shares were 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 owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of PayPal stock opened at $73.07 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $69.66 and its two-hundred day moving average is $74.91. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market capitalization of $71.06 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Evercore ISI assumed coverage on PayPal in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price target for the company. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Truist Financial started coverage on PayPal in a research note on Monday, June 2nd. They issued a “sell” rating and a $68.00 price target for the company. Macquarie reduced their price objective on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Finally, Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus price target of $83.42.

About PayPal

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.