PayPal Holdings, Inc. $PYPL Shares Acquired by Brighton Jones LLC

Brighton Jones LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 86.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,376 shares of the credit services provider’s stock after purchasing an additional 6,203 shares during the quarter. Brighton Jones LLC’s holdings in PayPal were worth $994,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd grew its position in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. GSB Wealth Management LLC lifted its stake in shares of PayPal by 1.7% during the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock valued at $606,000 after buying an additional 140 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of PayPal by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock valued at $613,000 after buying an additional 142 shares during the period. Pitti Group Wealth Management LLC lifted its stake in shares of PayPal by 1.5% during the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after buying an additional 147 shares during the period. Finally, MONECO Advisors LLC lifted its stake in shares of PayPal by 0.8% during the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock valued at $1,334,000 after buying an additional 154 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock valued at $1,046,607 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PYPL. KeyCorp reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 22nd. The Goldman Sachs Group set a $70.00 price objective on shares of PayPal and gave the company a “sell” rating in a research note on Monday, October 13th. Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. JMP Securities reduced their price objective on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Finally, Seaport Res Ptn raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Fifteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.46.

PayPal Stock Performance

NASDAQ:PYPL opened at $70.25 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $67.12 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm’s 50 day moving average is $68.95 and its two-hundred day moving average is $69.92.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter last year, the firm posted $1.19 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.