Park Avenue Securities LLC Purchases 6,203 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Park Avenue Securities LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 47.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,306 shares of the credit services provider’s stock after buying an additional 6,203 shares during the period. Park Avenue Securities LLC’s holdings in PayPal were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of PayPal during the fourth quarter worth $25,000. American National Bank bought a new stake in PayPal during the first quarter valued at $27,000. Private Wealth Management Group LLC bought a new stake in PayPal during the fourth quarter valued at $29,000. Spartan Planning & Wealth Management boosted its position in PayPal by 13,625.0% during the fourth quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 545 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in shares of PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research reports. Sanford C. Bernstein upped their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. 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 report on Wednesday, May 1st. New Street Research initiated coverage on shares of PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, PayPal has an average rating of “Hold” and an average price target of $73.48.

Insider Activity

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

PayPal Stock Performance

NASDAQ PYPL opened at $59.49 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 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. The stock has a market capitalization of $62.23 billion, a PE ratio of 14.98, a P/E/G ratio of 0.99 and a beta of 1.43. The company’s 50 day simple moving average is $63.52 and its two-hundred day simple moving average is $62.46.

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