PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.6% during the 1st quarter, HoldingsChannel reports. The firm owned 41,405 shares of the credit services provider’s stock after purchasing an additional 4,948 shares during the quarter. Procyon Advisors LLC’s holdings in PayPal were worth $2,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal during the 4th quarter worth approximately $25,000. American National Bank acquired a new position in shares of PayPal during the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $29,000. Spartan Planning & Wealth Management boosted its holdings 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 during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of PayPal during the 1st quarter worth approximately $34,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL opened at $58.37 on Friday. The firm has a market capitalization of $61.06 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The business’s fifty day moving average price is $63.34 and its 200 day moving average price is $62.44. 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 Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54.

PayPal (NASDAQ:PYPL) last posted its 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). The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The shares were 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 in the company, valued at $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PYPL shares. New Street Research started coverage on PayPal in a report on Friday, May 31st. They issued a “buy” rating and a $80.00 price objective on the stock. Evercore ISI upped their price objective on PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a report on Tuesday. Citigroup upped their price objective on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a report on Monday, June 10th. UBS Group upped their price objective on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Twenty-one analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.64.

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.