Albion Financial Group UT Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Albion Financial Group UT raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,208 shares of the credit services provider’s stock after buying an additional 305 shares during the quarter. Albion Financial Group UT’s holdings in PayPal were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Hartford Financial Management Inc. increased its position in PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares during the period. Pine Haven Investment Counsel Inc raised its stake in PayPal by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. boosted its position in PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after acquiring an additional 180 shares in the last quarter. Waldron Private Wealth LLC grew its holdings in shares of PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after acquiring an additional 182 shares during the period. Finally, Indiana Trust & Investment Management CO raised its position in shares of PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PYPL shares. Susquehanna upgraded shares of PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price objective on the stock in a report on Tuesday. TD Cowen raised their price objective on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. UBS Group lifted their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $69.00 price objective on shares of PayPal in a research report on Monday, June 24th. Twenty investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.82.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred 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 sale, the director now owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

PayPal Stock Performance

NASDAQ:PYPL opened at $59.64 on Thursday. The stock has a 50-day moving average price of $62.96 and a 200 day moving average price of $62.39. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The stock has a market capitalization of $62.39 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.96 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.14 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.