Quattro Financial Advisors LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quattro Financial Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8,096.7% during the first quarter, HoldingsChannel.com reports. The fund owned 5,000 shares of the credit services provider’s stock after buying an additional 4,939 shares during the quarter. Quattro Financial Advisors LLC’s holdings in PayPal were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PYPL. O Shaughnessy Asset Management LLC boosted its holdings in shares of PayPal by 58.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 34,365 shares of the credit services provider’s stock worth $2,009,000 after buying an additional 12,667 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in PayPal by 9.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 12,800 shares of the credit services provider’s stock worth $748,000 after acquiring an additional 1,085 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in PayPal by 1,234.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 124,468 shares of the credit services provider’s stock worth $7,276,000 after acquiring an additional 115,144 shares during the period. Logan Capital Management Inc. raised its stake in PayPal by 85.9% during the 3rd quarter. Logan Capital Management Inc. now owns 37,797 shares of the credit services provider’s stock worth $2,210,000 after acquiring an additional 17,469 shares during the period. Finally, Hodges Capital Management Inc. bought a new stake in PayPal during the 3rd quarter worth approximately $520,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada restated an “outperform” rating and set a $84.00 target price on shares of PayPal in a research note on Friday. Evercore ISI raised their target price on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. JMP Securities lifted their price objective 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. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.82.

PayPal Trading Up 2.0 %

Shares of PYPL traded up $1.16 during trading hours on Tuesday, reaching $58.97. 13,225,410 shares of the company traded hands, compared to its average volume of 14,999,569. The firm has a market cap of $61.69 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.95 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month 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 stock’s fifty day moving average price is $63.07 and its 200 day moving average price is $62.40.

PayPal (NASDAQ:PYPL) last issued its 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 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%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

PayPal 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.