Maia Wealth LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Maia Wealth LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,189 shares of the credit services provider’s stock, valued at approximately $374,000.

A number of other institutional investors have also recently made changes to their positions in the company. M&G Plc raised its position in shares of PayPal by 0.4% in the second quarter. M&G Plc now owns 220,539 shares of the credit services provider’s stock valued at $12,791,000 after buying an additional 917 shares during the last quarter. Wedmont Private Capital grew its holdings in PayPal by 17.7% in the 2nd quarter. Wedmont Private Capital now owns 3,939 shares of the credit services provider’s stock valued at $237,000 after buying an additional 593 shares in the last quarter. Alhambra Investment Management LLC purchased a new position in shares of PayPal during the 2nd quarter worth $875,000. Cooper Financial Group grew its stake in shares of PayPal by 3.1% in the 2nd quarter. Cooper Financial Group now owns 21,177 shares of the credit services provider’s stock valued at $1,229,000 after buying an additional 639 shares during the period. Finally, Matrix Asset Advisors Inc. NY grew its holdings in shares of PayPal by 0.8% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 227,562 shares of the credit services provider’s stock worth $13,205,000 after purchasing an additional 1,715 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PYPL shares. Monness Crespi & Hardt boosted their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Mizuho upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $90.00 in a report on Thursday, May 30th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Wells Fargo & Company boosted their price target on shares of PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a research note on Monday, June 24th. Seventeen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.25.

PayPal Price Performance

Shares of PYPL traded up $0.08 during mid-day trading on Wednesday, hitting $65.19. The company’s stock had a trading volume of 215,444 shares, compared to its average volume of 14,471,740. The firm has a 50-day simple moving average of $61.14 and a 200 day simple moving average of $62.27. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $70.66. The firm has a market capitalization of $66.65 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.92 and a beta of 1.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company earned $0.83 earnings per share. PayPal’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

PayPal Company 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.