PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Increased by Tran Capital Management L.P.

Tran Capital Management L.P. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 572,013 shares of the credit services provider’s stock after buying an additional 6,140 shares during the quarter. PayPal comprises approximately 4.3% of Tran Capital Management L.P.’s portfolio, making the stock its 10th biggest holding. Tran Capital Management L.P. owned approximately 0.05% of PayPal worth $38,319,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Tempus Wealth Planning LLC increased its stake in PayPal by 73.1% during the first quarter. Tempus Wealth Planning LLC now owns 11,354 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 4,795 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in PayPal by 23.3% during the first quarter. First Trust Direct Indexing L.P. now owns 23,463 shares of the credit services provider’s stock worth $1,572,000 after acquiring an additional 4,434 shares during the last quarter. Kovack Advisors Inc. increased its stake in PayPal by 10.2% during the first quarter. Kovack Advisors Inc. now owns 40,615 shares of the credit services provider’s stock worth $2,721,000 after acquiring an additional 3,744 shares during the last quarter. Fluent Financial LLC acquired a new stake in PayPal during the first quarter worth about $459,000. Finally, DMC Group LLC increased its stake in PayPal by 21.7% during the first quarter. DMC Group LLC now owns 7,470 shares of the credit services provider’s stock worth $500,000 after acquiring an additional 1,334 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Citigroup raised their price objective on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Royal Bank of Canada restated an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research note on Friday, June 28th. Finally, UBS Group raised their price objective on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.82.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction 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 owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock traded up $0.67 during mid-day trading on Thursday, hitting $59.64. 6,908,317 shares of the 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 cap of $62.39 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The company’s 50-day simple moving average is $62.86 and its 200-day simple moving average is $62.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

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