Fortitude Family Office LLC Has $55,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fortitude Family Office LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 850 shares of the credit services provider’s stock after selling 959 shares during the period. Fortitude Family Office LLC’s holdings in PayPal were worth $55,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new stake in shares of PayPal in the 4th quarter valued at about $34,000. Pinney & Scofield Inc. bought a new stake in shares of PayPal in the 4th quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in PayPal in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president now owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the sale, the insider now owns 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,796 shares of company stock valued at $863,028. Insiders own 0.14% of the company’s stock.

PayPal Stock Down 0.2%

PayPal stock opened at $74.61 on Thursday. The stock has a market capitalization of $72.56 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The business has a 50 day simple moving average of $67.55 and a 200-day simple moving average of $76.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BMO Capital Markets lowered their price target 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. Piper Sandler reduced their price target on shares of PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Evercore ISI started coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target on the stock. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, Macquarie reduced their price target on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.29.

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.