Key Client Fiduciary Advisors LLC Purchases 1,138 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Client Fiduciary Advisors LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,773 shares of the credit services provider’s stock after buying an additional 1,138 shares during the period. PayPal comprises 0.8% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 25th biggest position. Key Client Fiduciary Advisors LLC’s holdings in PayPal were worth $1,612,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PYPL. Pittenger & Anderson Inc. lifted its position in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Verity Asset Management Inc. grew its stake in shares of PayPal by 1.9% during the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after purchasing an additional 181 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in shares of PayPal by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after purchasing an additional 184 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after buying an additional 185 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.6 %

Shares of PayPal stock traded up $1.03 during trading hours on Wednesday, reaching $66.14. 8,843,838 shares of the company’s stock were exchanged, compared to its average volume of 14,527,667. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $61.19 and a two-hundred day moving average of $62.30. The stock has a market cap of $67.62 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.92 and a beta of 1.42. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $70.66.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on PYPL. Stephens lifted their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein raised PayPal from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $71.00 to $78.00 in a report on Wednesday, July 31st. New Street Research started coverage on shares of PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 price target for the company. JMP Securities raised their price objective on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company increased their price target on PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.25.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction 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 is accessible through this hyperlink. 0.14% of the stock is owned by company 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.