Relyea Zuckerberg Hanson LLC Acquires 183 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Relyea Zuckerberg Hanson LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,653 shares of the credit services provider’s stock after purchasing an additional 183 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in PayPal were worth $499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of PayPal by 15.2% during 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 in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of PayPal during the 4th quarter valued at $248,000. Essex Financial Services Inc. increased its holdings in PayPal by 7.7% in the 4th quarter. Essex Financial Services Inc. now owns 5,147 shares of the credit services provider’s stock valued at $439,000 after acquiring an additional 367 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of PayPal by 40.0% in the 4th quarter. Leavell Investment Management Inc. now owns 25,207 shares of the credit services provider’s stock worth $2,151,000 after buying an additional 7,196 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of PayPal by 23.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 15,429 shares of the credit services provider’s stock worth $1,317,000 after buying an additional 2,953 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.3%

NASDAQ:PYPL opened at $74.81 on Friday. The firm has a market capitalization of $72.76 billion, a P/E ratio of 18.66, a PEG ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company’s fifty day moving average price is $67.88 and its 200-day moving average price is $75.93. 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 announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. Citigroup dropped their price target on shares of PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Monness Crespi & Hardt dropped their price target on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Piper Sandler dropped their price target on shares of PayPal from $76.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Finally, Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy 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 $83.29.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,796 shares of company stock valued at $863,028. Corporate 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.