PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Boosted by Syon Capital LLC

Syon Capital LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 98.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,654 shares of the credit services provider’s stock after buying an additional 4,289 shares during the quarter. Syon Capital LLC’s holdings in PayPal were worth $531,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. lifted its position in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its position in shares of PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares during the period. Brooks Moore & Associates Inc. grew its holdings in PayPal by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock worth $841,000 after buying an additional 180 shares in the last quarter. Waldron Private Wealth LLC increased its position in PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after acquiring an additional 182 shares during the period. Finally, New World Advisors LLC raised its stake in PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PYPL. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research note on Friday, February 9th. William Blair restated an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Oppenheimer reissued a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Finally, Susquehanna raised their price objective on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Stock Up 2.9 %

Shares of PYPL opened at $65.96 on Friday. The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day moving average of $62.87 and a 200-day moving average of $60.16.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

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.