SeaCrest Wealth Management LLC Has $842,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

SeaCrest Wealth Management LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,516 shares of the credit services provider’s stock after purchasing an additional 3,508 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in PayPal were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Sapient Capital LLC bought a new position in PayPal in the fourth quarter valued at about $806,000. Fiduciary Alliance LLC grew its position in PayPal by 604.7% in the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after acquiring an additional 45,544 shares during the last quarter. 1832 Asset Management L.P. grew its position in PayPal by 44.6% in the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 381 shares during the last quarter. Blue Trust Inc. grew its position in PayPal by 21.2% in the second quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock valued at $195,000 after acquiring an additional 588 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in PayPal by 18.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after acquiring an additional 36,994 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. TD Cowen boosted their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. New Street Research began coverage on PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price target on the stock. BMO Capital Markets boosted their price target on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $84.00 price target on shares of PayPal in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.56.

PayPal Stock Up 4.1 %

Shares of NASDAQ:PYPL traded up $2.82 during trading on Tuesday, reaching $72.25. 17,111,004 shares of the stock were exchanged, compared to its average volume of 14,471,904. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $72.56. The stock has a fifty day moving average of $61.27 and a two-hundred day moving average of $62.42. The firm has a market cap of $73.86 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. PayPal’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently 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.