Ghe LLC Buys 879 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ghe LLC lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 29,093 shares of the credit services provider’s stock after purchasing an additional 879 shares during the period. PayPal comprises 0.9% of Ghe LLC’s portfolio, making the stock its 27th largest holding. Ghe LLC’s holdings in PayPal were worth $1,898,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in PayPal in the fourth quarter valued at about $248,000. Proficio Capital Partners LLC bought a new position in PayPal in the fourth quarter valued at about $216,000. LPL Financial LLC boosted its holdings in PayPal by 10.3% in the fourth quarter. LPL Financial LLC now owns 1,013,517 shares of the credit services provider’s stock valued at $86,910,000 after acquiring an additional 94,903 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new position in PayPal in the fourth quarter valued at about $247,000. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other PayPal news, 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 completion of the transaction, the insider owned 48,483 shares of the company’s stock, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,796 shares of company stock valued at $863,028. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on PayPal in a research note on Thursday, July 17th. They issued a “hold” rating and a $75.00 target price on the stock. Barclays increased their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Citigroup cut their target price on PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen raised PayPal from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Seaport Res Ptn raised PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.13.

PayPal Stock Performance

PYPL traded up $1.55 during trading on Thursday, hitting $78.21. The stock had a trading volume of 4,114,321 shares, compared to its average volume of 10,862,475. The company has a 50 day moving average price of $72.95 and a 200-day moving average price of $73.08. The firm has a market cap of $76.07 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.25 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period in the previous year, the company earned $1.08 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

About PayPal

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.