PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Natixis Advisors LLC

by · The Cerbat Gem

Natixis Advisors LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 536,785 shares of the credit services provider’s stock after buying an additional 10,362 shares during the period. Natixis Advisors LLC owned 0.06% of PayPal worth $35,025,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in shares of PayPal in the 4th quarter valued at approximately $27,000. Evermay Wealth Management LLC grew its stake in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of PayPal in the 1st quarter valued at approximately $28,000. Finally, Tsfg LLC boosted its stake in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.4%

Shares of PayPal stock opened at $68.76 on Friday. The business’s fifty day moving average price is $73.20 and its two-hundred day moving average price is $72.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.30. The company has a market capitalization of $65.69 billion, a P/E ratio of 14.69, a PEG ratio of 1.11 and a beta of 1.45. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL – Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the topic of a number of analyst reports. JMP Securities decreased their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Truist Financial assumed coverage on PayPal in a research report on Monday, June 2nd. They set a “sell” rating and a $68.00 target price on the stock. Seaport Res Ptn upgraded PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research report on Tuesday. Finally, Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.57.

Read Our Latest Stock Analysis on PayPal

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president owned 16,989 shares of the company’s stock, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,796 shares of company stock valued at $863,028. Corporate insiders own 0.08% of the company’s stock.

About PayPal

(Free Report)

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.

Further Reading

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