PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 73.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,354 shares of the credit services provider’s stock after buying an additional 4,795 shares during the quarter. Tempus Wealth Planning LLC’s holdings in PayPal were worth $761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal in the 4th quarter valued at about $25,000. American National Bank acquired a new position in PayPal in the 1st quarter valued at about $27,000. Register Financial Advisors LLC acquired a new position in PayPal in the 1st quarter valued at about $30,000. Private Wealth Management Group LLC acquired a new position in PayPal in the 4th quarter valued at about $29,000. Finally, Northwest Investment Counselors LLC acquired a new position in PayPal in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL traded up $0.67 during trading hours on Thursday, reaching $59.64. 6,908,317 shares of the company’s stock traded hands, compared to its average volume of 13,210,254. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The firm has a market capitalization of $62.39 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day simple moving average is $62.86 and its two-hundred day simple moving average is $62.37.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their target price on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Finally, Robert W. Baird boosted their target price on PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.82.

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.