WoodTrust Financial Corp Acquires 16,668 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

WoodTrust Financial Corp increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 41.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,171 shares of the credit services provider’s stock after acquiring an additional 16,668 shares during the period. WoodTrust Financial Corp’s holdings in PayPal were worth $3,830,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley grew its holdings in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the period. Norges Bank bought a new position in PayPal during the fourth quarter valued at $749,561,000. Charles Schwab Investment Management Inc. grew its holdings in PayPal by 4.0% during 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. Atreides Management LP grew its holdings in PayPal by 9.3% during the third quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock valued at $244,042,000 after purchasing an additional 355,411 shares during the period. Finally, First Trust Advisors LP grew its holdings 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 valued at $225,283,000 after purchasing an additional 61,384 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 0.6 %

Shares of NASDAQ:PYPL traded down $0.34 on Friday, reaching $58.03. 28,102,011 shares of the company traded hands, compared to its average volume of 12,149,450. The business’s 50-day simple moving average is $63.18 and its 200 day simple moving average is $62.40. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The stock has a market capitalization of $60.70 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on PYPL shares. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $68.00 to $90.00 in a report on Thursday, May 30th. Citigroup increased their target price on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. UBS Group increased their target price on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Royal Bank of Canada restated an “outperform” rating and set a $84.00 target price on shares of PayPal in a research report on Friday. Finally, Wells Fargo & Company increased their target price on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, PayPal presently has an average rating of “Hold” and an average price target of $73.64.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by 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.