Rakuten Securities Inc. Has $428,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Rakuten Securities Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,553 shares of the credit services provider’s stock after purchasing an additional 320 shares during the quarter. Rakuten Securities Inc.’s holdings in PayPal were worth $428,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its holdings in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after buying an additional 125 shares during the last quarter. Avalon Trust Co grew its position in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares in the last quarter. Security National Bank of SO Dak increased its stake in shares of PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock worth $1,041,000 after purchasing an additional 137 shares during the last quarter. Stegent Equity Advisors Inc. raised its holdings in shares of PayPal by 3.2% during the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider’s stock valued at $388,000 after purchasing an additional 142 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its stake in shares of PayPal by 5.1% in the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider’s stock valued at $257,000 after purchasing an additional 145 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 2.0%

NASDAQ PYPL opened at $72.26 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market capitalization of $70.28 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.27 and a beta of 1.45. The stock’s 50 day moving average is $68.44 and its two-hundred day moving average is $75.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. 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 company earned $1.08 EPS. PayPal’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PYPL. Canaccord Genuity Group reissued a “buy” rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, April 30th. Macquarie lowered their price objective on PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Bank of America cut their price objective on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Morgan Stanley upped their target price on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Seaport Res Ptn downgraded PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Hold” and a consensus target price of $83.29.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider now directly owns 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 in the last ninety days. Insiders own 0.08% of the company’s stock.

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.