PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Narus Financial Partners LLC

Narus Financial Partners LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% during the 1st quarter, HoldingsChannel reports. The firm owned 5,662 shares of the credit services provider’s stock after buying an additional 404 shares during the period. Narus Financial Partners LLC’s holdings in PayPal were worth $379,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morgan Stanley increased its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Norges Bank acquired a new stake in shares of PayPal during the fourth quarter valued at about $749,561,000. Charles Schwab Investment Management Inc. raised its position in PayPal by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares during the period. First Trust Advisors LP lifted its stake in PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after purchasing an additional 61,384 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of PayPal by 11.9% during the fourth quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after buying an additional 306,613 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Stephens upped their target price on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. TD Cowen boosted their price target on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Finally, Susquehanna upgraded shares of PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price objective on the stock in a report on Tuesday. Twenty analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.82.

PayPal Price Performance

PYPL stock traded up $0.82 on Tuesday, reaching $58.63. 8,155,744 shares of the company’s stock were exchanged, compared to its average volume of 14,959,388. The stock has a fifty day moving average of $63.18 and a 200-day moving average of $62.43. The firm has a market cap of $61.33 billion, a PE ratio of 14.82, a P/E/G ratio of 0.95 and a beta of 1.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54.

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). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

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 transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

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.