Applied Capital LLC FL Has $281,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Applied Capital LLC FL grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,188 shares of the credit services provider’s stock after purchasing an additional 695 shares during the quarter. Applied Capital LLC FL’s holdings in PayPal were worth $281,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PYPL. O Shaughnessy Asset Management LLC lifted its position in shares of PayPal by 58.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 34,365 shares of the credit services provider’s stock valued at $2,009,000 after acquiring an additional 12,667 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of PayPal by 9.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 12,800 shares of the credit services provider’s stock valued at $748,000 after acquiring an additional 1,085 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in shares of PayPal by 1,234.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 124,468 shares of the credit services provider’s stock valued at $7,276,000 after acquiring an additional 115,144 shares during the period. Logan Capital Management Inc. lifted its position in shares of PayPal by 85.9% during the 3rd quarter. Logan Capital Management Inc. now owns 37,797 shares of the credit services provider’s stock valued at $2,210,000 after acquiring an additional 17,469 shares during the period. Finally, Hodges Capital Management Inc. bought a new stake in shares of PayPal during the 3rd quarter valued at $520,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price target on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price target on shares of PayPal in a report on Friday. The Goldman Sachs Group reissued a “neutral” rating and set a $69.00 price target on shares of PayPal in a report on Monday, June 24th. Stephens upped their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Finally, Citigroup upped their target price on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Twenty investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.82.

Insider Transactions at PayPal

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 transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock traded up $1.16 during trading hours on Tuesday, reaching $58.97. The company had a trading volume of 11,211,735 shares, compared to its average volume of 14,983,642. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The business has a fifty day simple moving average of $63.18 and a 200 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. The firm has a market cap of $61.69 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the business earned $0.86 earnings per share. PayPal’s revenue was up 9.4% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

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.