PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Boosted by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,962 shares of the credit services provider’s stock after purchasing an additional 758 shares during the quarter. Revolve Wealth Partners LLC’s holdings in PayPal were worth $151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sapient Capital LLC bought a new position in PayPal during the 4th quarter valued at $806,000. Louisiana State Employees Retirement System acquired a new position in shares of PayPal during the 4th quarter valued at $9,267,000. Bartlett & Co. LLC increased its position in shares of PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after purchasing an additional 740 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares during the period. Finally, Sunbelt Securities Inc. increased its position in shares of PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after purchasing an additional 942 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 0.2 %

PayPal stock opened at $58.37 on Friday. The stock has a 50-day simple moving average of $63.34 and a 200 day simple moving average of $62.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $61.06 billion, a P/E ratio of 14.70, a PEG ratio of 0.95 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54.

PayPal (NASDAQ:PYPL) last issued 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). The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the business’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 of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Royal Bank of Canada lifted their price objective on PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Mizuho raised 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 research report on Thursday, May 30th. UBS Group lifted their price objective on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Stephens lifted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.64.

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.