PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Increased by WP Advisors LLC

WP Advisors LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.3% in the 4th quarter, HoldingsChannel reports. The fund owned 63,970 shares of the credit services provider’s stock after acquiring an additional 12,901 shares during the period. PayPal accounts for approximately 1.5% of WP Advisors LLC’s holdings, making the stock its 15th largest holding. WP Advisors LLC’s holdings in PayPal were worth $3,928,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in PayPal by 110,462.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after purchasing an additional 17,120,572 shares during the period. Norges Bank acquired a new stake in shares of PayPal in the fourth quarter valued at $1,022,333,000. Clearbridge Investments LLC lifted its holdings in shares of PayPal by 122.0% in the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock valued at $720,555,000 after buying an additional 3,424,122 shares during the period. Nuveen Asset Management LLC boosted its stake in PayPal by 36.2% during the second quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider’s stock valued at $718,755,000 after buying an additional 2,862,766 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in PayPal by 420.6% during the third quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after acquiring an additional 2,616,774 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’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 completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PYPL shares. Susquehanna upped their price target on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Mizuho cut their target price on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Sanford C. Bernstein lifted their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday. DZ Bank downgraded PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Friday, February 9th. Finally, Citigroup reduced their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $62.31 on Friday. The firm has a market cap of $65.59 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.41 and a beta of 1.45. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $62.34 and a 200 day simple moving average of $59.95.

PayPal (NASDAQ:PYPL) last issued its earnings results 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 company had revenue of $8.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.04 earnings per share for the current fiscal year.

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.