Franklin Street Advisors Inc. NC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,902 shares of the credit services provider’s stock after selling 963 shares during the period. Franklin Street Advisors Inc. NC’s holdings in PayPal were worth $513,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC increased its stake in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Hilltop National Bank bought a new stake in shares of PayPal during the second quarter worth $27,000. Garde Capital Inc. bought a new stake in shares of PayPal during the first quarter worth $28,000. Tsfg LLC increased its position in shares of PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.
PayPal Stock Performance
Shares of PYPL opened at $69.25 on Friday. The firm has a 50-day moving average of $68.68 and a 200-day moving average of $69.31. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a market cap of $66.16 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.
Analyst Upgrades and Downgrades
PYPL has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. JMP Securities lowered their price objective on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 30th. Barclays reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. Citigroup reissued a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $95.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $84.50.
Get Our Latest Research Report on PYPL
Insider Activity
In other news, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders sold a total of 15,102 shares of company stock valued at $1,046,607 in the last quarter. Company insiders own 0.08% of the company’s stock.
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.
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