NBC Securities Inc. Acquires 10,913 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

NBC Securities Inc. grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 99,209.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,924 shares of the credit services provider’s stock after buying an additional 10,913 shares during the quarter. NBC Securities Inc.’s holdings in PayPal were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PYPL. Brighton Jones LLC grew its stake in PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in PayPal during the fourth quarter worth about $248,000. Golden State Equity Partners grew its stake in shares of PayPal by 728.5% during the fourth quarter. Golden State Equity Partners now owns 2,560 shares of the credit services provider’s stock valued at $218,000 after purchasing an additional 2,251 shares during the last quarter. Optas LLC bought a new stake in shares of PayPal during the fourth quarter valued at approximately $228,000. Finally, Fourpath Capital Management LLC grew its stake in shares of PayPal by 5.1% during the fourth quarter. Fourpath Capital Management LLC now owns 3,162 shares of the credit services provider’s stock valued at $270,000 after purchasing an additional 154 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 2.1%

Shares of PYPL stock opened at $72.80 on Thursday. The firm has a fifty day moving average of $66.55 and a 200-day moving average of $76.41. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market capitalization of $70.80 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America decreased their price target on shares of PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays decreased their price target on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Seaport Res Ptn lowered shares of PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. Finally, BMO Capital Markets cut their price objective on shares of PayPal from $83.00 to $79.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.29.

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.