RFG Advisory LLC Invests $367,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

RFG Advisory LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,485 shares of the credit services provider’s stock, valued at approximately $367,000.

Several other institutional investors also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal in the 4th quarter valued at $25,000. American National Bank acquired a new stake in PayPal in the 1st quarter valued at $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal in the 4th quarter valued at $29,000. Spartan Planning & Wealth Management boosted its stake in PayPal by 13,625.0% in the 4th quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock valued at $34,000 after buying an additional 545 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its stake in PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.8 %

Shares of PayPal stock 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 business has a 50-day moving average of $63.52 and a two-hundred day moving average of $62.46. The company has a market capitalization of $62.23 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.99 and a beta of 1.43. 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 (NASDAQ:PYPL) last announced its quarterly 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). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the company earned $0.86 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on PYPL. UBS Group boosted their price target on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Wells Fargo & Company boosted their price target on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a research note on Monday. Finally, BMO Capital Markets boosted their price objective on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.48.

Insider Transactions at PayPal

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

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.