Albion Financial Group UT Has $282,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Albion Financial Group UT lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,208 shares of the credit services provider’s stock after acquiring an additional 305 shares during the quarter. Albion Financial Group UT’s holdings in PayPal were worth $282,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal in the 4th quarter valued at $25,000. American National Bank bought a new stake in PayPal in the 1st quarter valued at about $27,000. Register Financial Advisors LLC acquired a new position in shares of PayPal during the 1st quarter worth approximately $30,000. Private Wealth Management Group LLC bought a new position in shares of PayPal during the fourth quarter worth approximately $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of PayPal in the first quarter valued at approximately $34,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $59.64 on Thursday. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $62.96 and a two-hundred day moving average price of $62.39. The company has a market cap of $62.39 billion, a P/E ratio of 15.02, a PEG ratio of 0.96 and a beta of 1.42.

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

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PYPL shares. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price target on shares of PayPal in a research report on Friday, June 28th. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 price target on shares of PayPal in a research report on Monday, June 24th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Sanford C. Bernstein raised their target price 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. Finally, Robert W. Baird upped their price target on shares of PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Twenty investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and a consensus target price of $73.82.

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.