Legacy Financial Advisors Inc. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Legacy Financial Advisors Inc. bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,666 shares of the credit services provider’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal in the fourth quarter valued at $25,000. Sutton Wealth Advisors Inc. lifted its position in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of PayPal during the third quarter worth about $33,000. Beacon Capital Management LLC increased its holdings in PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new stake in PayPal during the fourth quarter valued at approximately $37,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Price Performance

NASDAQ:PYPL opened at $65.85 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $68.88 billion, a P/E ratio of 16.55, a PEG ratio of 1.18 and a beta of 1.41. The company has a fifty day moving average price of $63.69 and a 200 day moving average price of $60.56. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. JPMorgan Chase & Co. dropped their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Monness Crespi & Hardt boosted their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. UBS Group upped their target price on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI raised their target price on PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.73.

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.