PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Lifted by Townsquare Capital LLC

Townsquare Capital LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,558 shares of the credit services provider’s stock after buying an additional 9,486 shares during the period. Townsquare Capital LLC’s holdings in PayPal were worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter valued at approximately $25,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the 4th quarter valued at $34,000. Pinney & Scofield Inc. purchased a new position in shares of PayPal during the 4th quarter valued at $35,000. Evermay Wealth Management LLC increased its stake in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of PayPal during the first quarter worth $28,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the transaction, the insider owned 48,483 shares of the company’s stock, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was 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 directly owned 16,989 shares of the company’s stock, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,736 shares of company stock worth $1,620,835. Insiders own 0.08% of the company’s stock.

PayPal Trading Down 0.8%

PayPal stock opened at $67.65 on Monday. The business has a 50 day moving average price of $72.89 and a two-hundred day moving average price of $71.40. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a market cap of $64.63 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same quarter in the prior year, the firm posted $1.19 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research note on Tuesday, July 29th. Truist Financial began coverage on PayPal in a research note on Monday, June 2nd. They issued a “sell” rating and a $68.00 target price on the stock. Bank of America lowered their target price on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, UBS Group lowered their target price on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.00.

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.