Raymond James Financial Inc. Invests $135.54 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Raymond James Financial Inc. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,588,013 shares of the credit services provider's stock, valued at approximately $135,537,000. Raymond James Financial Inc. owned 0.16% of PayPal at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Park Place Capital Corp boosted its position in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after purchasing an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC boosted its position in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Brave Asset Management Inc. boosted its position in shares of PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock valued at $241,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PYPL shares. Royal Bank of Canada restated an "outperform" rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a report on Friday, December 13th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average price target of $90.03.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of PYPL stock traded up $2.40 during trading hours on Friday, reaching $70.48. The stock had a trading volume of 16,379,192 shares, compared to its average volume of 12,332,153. The stock's fifty day simple moving average is $81.75 and its 200 day simple moving average is $81.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The firm has a market capitalization of $69.72 billion, a PE ratio of 17.58, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the business earned $1.48 earnings per share. PayPal's revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal 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.