PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,524 shares of the credit services provider’s stock after purchasing an additional 835 shares during the period. Savvy Advisors Inc.’s holdings in PayPal were worth $301,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Geode Capital Management LLC boosted its holdings in shares of PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock valued at $1,849,884,000 after purchasing an additional 271,836 shares during the last quarter. FMR LLC boosted its holdings in PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Norges Bank acquired a new position in PayPal in the fourth quarter valued at $1,086,508,000. Invesco Ltd. increased its stake in PayPal by 1.8% during the fourth quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider’s stock worth $707,032,000 after acquiring an additional 144,402 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after purchasing an additional 5,772,198 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 0.5 %

NASDAQ:PYPL opened at $62.27 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $61.60 billion, a PE ratio of 15.53, a P/E/G ratio of 1.27 and a beta of 1.60. The business’s 50 day moving average is $69.54 and its two-hundred day moving average is $79.65.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PYPL. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Friday, February 28th. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Keefe, Bruyette & Woods cut their target price on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 31st. Monness Crespi & Hardt decreased their price target on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.14% of the company’s stock.

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.