S Bank Fund Management Ltd Buys New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

S Bank Fund Management Ltd bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 7,593 shares of the credit services provider’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. bought a new stake in PayPal in the 4th quarter valued at about $34,000. Pinney & Scofield Inc. bought a new stake in PayPal in the 4th quarter valued at about $35,000. Evermay Wealth Management LLC increased its position in PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in PayPal in the 1st quarter valued at about $28,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $70.63 on Thursday. The firm has a market cap of $67.48 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.05 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm’s 50-day simple moving average is $72.70 and its two-hundred day simple moving average is $71.21.

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

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. JMP Securities decreased their target price on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 30th. Citigroup reaffirmed a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Robert W. Baird boosted their target price on PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.00.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the transaction, the insider owned 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Natali sold 7,102 shares of the 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 have sold 22,736 shares of company stock worth $1,620,835 over the last ninety days. 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.