Future Financial Wealth Managment LLC Acquires Shares of 1,954 PayPal Holdings, Inc. (NASDAQ:PYPL)

Future Financial Wealth Managment LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,954 shares of the credit services provider’s stock, valued at approximately $131,000.

Other hedge funds also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of PayPal in the 4th quarter worth approximately $25,000. American National Bank bought a new stake in PayPal in the first quarter valued at $27,000. Private Wealth Management Group LLC purchased a new position in PayPal during the 4th quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in PayPal in the 1st quarter worth $34,000. Finally, Spartan Planning & Wealth Management lifted its position in shares of PayPal by 13,625.0% in 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 period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, 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 is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JMP Securities boosted their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Stephens upped their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Evercore ISI increased their target price on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday. Robert W. Baird lifted their price target on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a report on Monday. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.64.

PayPal Trading Up 0.2 %

Shares of PYPL stock opened at $58.37 on Friday. 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 company has a market cap of $61.06 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.95 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The firm has a fifty day moving average price of $63.34 and a 200-day moving average price of $62.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion for 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%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current 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.