Claro Advisors LLC Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Claro Advisors LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,581 shares of the credit services provider’s stock after acquiring an additional 904 shares during the period. Claro Advisors LLC’s holdings in PayPal were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC boosted its position in PayPal by 38.1% during the first quarter. Miracle Mile Advisors LLC now owns 11,361 shares of the credit services provider’s stock valued at $761,000 after buying an additional 3,134 shares during the period. Udine Wealth Management Inc. purchased a new stake in PayPal during the first quarter valued at about $1,749,000. Roberts Wealth Advisors LLC boosted its position in PayPal by 6.3% during the first quarter. Roberts Wealth Advisors LLC now owns 42,038 shares of the credit services provider’s stock valued at $2,670,000 after buying an additional 2,483 shares during the period. Fiduciary Alliance LLC boosted its position in PayPal by 604.7% during the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after buying an additional 45,544 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in PayPal by 15.0% during the first quarter. Red Door Wealth Management LLC now owns 36,649 shares of the credit services provider’s stock valued at $2,455,000 after buying an additional 4,770 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

PayPal Price Performance

Shares of PYPL stock traded down $0.22 on Monday, hitting $57.81. 12,230,260 shares of the stock traded hands, compared to its average volume of 15,013,731. The firm has a market cap of $60.47 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.95 and a beta of 1.42. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The firm has a 50 day simple moving average of $63.18 and a two-hundred day simple moving average of $62.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

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 analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several analyst reports. JMP Securities upped their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Evercore ISI upped their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. BMO Capital Markets upped their price objective on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Citigroup increased their price target on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, UBS Group increased their price target on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.64.

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.