Arkfeld Wealth Strategies L.L.C. Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arkfeld Wealth Strategies L.L.C. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 916.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 38,030 shares of the credit services provider’s stock after buying an additional 34,290 shares during the period. PayPal makes up approximately 1.4% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 17th largest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in PayPal were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal in the 4th quarter valued at $25,000. American National Bank purchased a new position in PayPal in the 1st quarter valued at $27,000. Private Wealth Management Group LLC purchased a new stake in shares of PayPal during the 4th quarter worth $29,000. Spartan Planning & Wealth Management boosted its position in shares of PayPal by 13,625.0% during 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 position in shares of PayPal during the 1st quarter worth $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on PYPL shares. JMP Securities boosted their target price on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 1st. UBS Group upped their price objective on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Wells Fargo & Company upped their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Sanford C. Bernstein boosted their target price on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $73.64.

PayPal Stock Performance

NASDAQ PYPL traded down $1.07 during trading hours on Wednesday, hitting $58.26. The company had a trading volume of 12,510,207 shares, compared to its average volume of 14,955,856. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $63.44 and a 200-day simple moving average of $62.47. The firm has a market cap of $60.94 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share 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 company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the business earned $0.86 earnings per share. PayPal’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

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.