Strategic Investment Solutions Inc. IL lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 239.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,780 shares of the credit services provider’s stock after acquiring an additional 1,255 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in PayPal were worth $132,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Evermay Wealth Management LLC grew its holdings in shares of PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of PayPal in the first quarter valued at $28,000. Tsfg LLC lifted its position in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in PayPal by 41.2% during 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 in the last quarter. Finally, Crewe Advisors LLC lifted its position in PayPal by 1,461.8% during the 1st quarter. Crewe Advisors LLC now owns 531 shares of the credit services provider’s stock worth $35,000 after buying an additional 497 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.
PayPal Price Performance
Shares of PYPL stock opened at $67.30 on Friday. The stock has a 50-day moving average price of $69.51 and a 200 day moving average price of $69.32. 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 firm has a market cap of $64.30 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.03 and a beta of 1.43. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.
Insiders Place Their Bets
In other PayPal news, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the transaction, the insider owned 48,483 shares in the company, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,102 shares of company stock worth $1,046,607. Insiders own 0.08% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PYPL. 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 research report on Wednesday, July 30th. Truist Financial initiated coverage on shares of PayPal in a research report on Monday, June 2nd. They set a “sell” rating and a $68.00 target price on the stock. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Canaccord Genuity Group reiterated a “buy” rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research report on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.50.
Read Our Latest Research Report on PayPal
PayPal 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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