Analyst IMS Investment Management Services Ltd. Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Analyst IMS Investment Management Services Ltd. grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,964 shares of the credit services provider’s stock after buying an additional 3,425 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in PayPal were worth $857,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sapient Capital LLC purchased a new position in shares of PayPal during the 4th quarter valued at $806,000. Louisiana State Employees Retirement System purchased a new position in shares of PayPal during the 4th quarter valued at $9,267,000. Bartlett & Co. LLC lifted its position in shares of PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after buying an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after buying an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities boosted their price objective on PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Mizuho boosted their price objective on PayPal from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Citigroup decreased their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.73.

PayPal Trading Up 0.1 %

PYPL stock traded up $0.06 during trading on Friday, hitting $61.64. 8,176,776 shares of the company traded hands, compared to its average volume of 12,707,337. The firm has a market capitalization of $64.48 billion, a PE ratio of 15.53, a P/E/G ratio of 1.01 and a beta of 1.41. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a 50-day moving average of $64.79 and a 200-day moving average of $61.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

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

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The disclosure for this sale can be found here. Company 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.