Investment House LLC Boosts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Investment House LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,994 shares of the credit services provider’s stock after acquiring an additional 28,938 shares during the period. Investment House LLC’s holdings in PayPal were worth $11,360,000 at the end of the most recent quarter.

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

Insider Buying and Selling at PayPal

In related 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 value of $466,079.04. Following the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Up 2.3 %

Shares of PYPL stock traded up $1.49 during trading hours on Monday, reaching $67.45. The company had a trading volume of 9,622,120 shares, compared to its average volume of 16,129,537. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day simple moving average of $62.87 and a 200-day simple moving average of $60.19. The company has a market cap of $71.00 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Canaccord Genuity Group reduced their price target 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. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Sanford C. Bernstein lifted their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.72.

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.