2,000 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Richelieu Gestion SA

Richelieu Gestion SA bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,000 shares of the credit services provider’s stock, valued at approximately $134,000.

Other institutional investors also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal in the fourth quarter worth approximately $25,000. American National Bank purchased a new stake in shares of PayPal during the first quarter valued at $27,000. Private Wealth Management Group LLC acquired a new position in shares of PayPal in the 4th quarter valued at $29,000. Spartan Planning & Wealth Management increased its stake in PayPal by 13,625.0% in the 4th quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 545 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in PayPal during the 1st quarter worth about $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Down 2.0 %

Shares of PYPL stock traded down $1.21 on Wednesday, reaching $58.12. 7,644,950 shares of the stock were exchanged, compared to its average volume of 14,916,266. The stock has a 50 day moving average price of $63.44 and a 200 day moving average price of $62.47. The stock has a market cap of $60.80 billion, a PE ratio of 14.75, a P/E/G ratio of 0.97 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PYPL shares. TD Cowen lifted their target price on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Stephens increased their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Sanford C. Bernstein lifted their price target on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, Mizuho raised PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $90.00 in a research note on Thursday, May 30th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average target price of $73.64.

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.