RMR Wealth Builders Has $251,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

RMR Wealth Builders lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,331 shares of the credit services provider’s stock after selling 371 shares during the quarter. RMR Wealth Builders’ holdings in PayPal were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. increased its holdings 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 purchasing an additional 172 shares in the last quarter. American National Bank bought a new position in shares of PayPal during the first quarter worth about $27,000. Register Financial Advisors LLC acquired a new stake in PayPal in the 1st quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. lifted its stake in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new position in PayPal during the 4th quarter worth approximately $29,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JMP Securities increased their target price on shares of PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 price target on shares of PayPal in a research note on Wednesday, July 31st. Jefferies Financial Group lowered their price target on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Finally, Monness Crespi & Hardt increased their price objective on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Seventeen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.56.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the 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 in the company, valued at approximately $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

PayPal Price Performance

Shares of PayPal stock traded down $0.11 during trading on Thursday, reaching $71.35. 8,313,984 shares of the company’s stock were exchanged, compared to its average volume of 14,448,821. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $73.25. The company has a market cap of $72.94 billion, a P/E ratio of 18.32, a PEG ratio of 0.97 and a beta of 1.42. The firm’s 50-day moving average price is $61.58 and its 200 day moving average price is $62.55.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.