4,192 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Three Seasons Wealth LLC

Three Seasons Wealth LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 4,192 shares of the credit services provider's stock, valued at approximately $358,000.

Other large investors also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC increased its stake in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after acquiring an additional 3,976 shares during the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after buying an additional 18,172 shares during the period. ExodusPoint Capital Management LP increased its stake in PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after acquiring an additional 183,011 shares during the last quarter. StoneX Group Inc. grew its holdings in shares of PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after purchasing an additional 11,260 shares during the period. Finally, Fortem Financial Group LLC increased its position in PayPal by 28.0% during the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock worth $2,842,000 after purchasing an additional 7,291 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Price Performance

PYPL stock opened at $64.77 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $64.07 billion, a PE ratio of 16.15, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a 50-day moving average of $67.03 and a two-hundred day moving average of $78.72.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 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 business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter last year, the firm posted $1.48 earnings per share. PayPal's revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In other 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 completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on PYPL. StockNews.com downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research note on Wednesday. Evercore ISI initiated coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lowered their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Finally, DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.88.

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.

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