Avior Wealth Management LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Avior Wealth Management LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 105.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,545 shares of the credit services provider’s stock after acquiring an additional 14,139 shares during the period. Avior Wealth Management LLC’s holdings in PayPal were worth $1,692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. VitalStone Financial LLC lifted its holdings in shares of PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after acquiring an additional 316 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of PayPal by 146.5% in the 2nd quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock worth $73,000 after acquiring an additional 227 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in shares of PayPal in the 2nd quarter worth about $27,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of PayPal in the 4th quarter worth about $25,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of PayPal in the 4th quarter worth about $29,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PYPL shares. Stephens restated an “equal weight” rating and issued a $70.00 target price on shares of PayPal in a report on Thursday, February 8th. Canaccord Genuity Group decreased their price objective on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. decreased their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. JMP Securities reiterated a “market outperform” rating and set a $68.00 price objective on shares of PayPal in a report on Thursday, February 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 0.6 %

NASDAQ PYPL opened at $63.80 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a market cap of $67.16 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The company has a 50 day moving average price of $62.15 and a 200 day moving average price of $59.86. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.94.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the business posted $1.01 EPS. PayPal’s revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.