AssuredPartners Investment Advisors LLC Buys New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,003 shares of the credit services provider's stock, valued at approximately $342,000.

Other hedge funds have also bought and sold shares of the company. United Bank grew its stake in PayPal by 9.7% in the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider's stock worth $698,000 after buying an additional 794 shares in the last quarter. Townsquare Capital LLC grew its position in shares of PayPal by 23.1% during the 3rd quarter. Townsquare Capital LLC now owns 41,561 shares of the credit services provider's stock valued at $3,243,000 after acquiring an additional 7,812 shares during the period. Freedom Investment Management Inc. bought a new position in shares of PayPal in the third quarter worth about $359,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of PayPal by 5.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 321,643 shares of the credit services provider's stock worth $25,098,000 after acquiring an additional 16,510 shares during the period. Finally, CreativeOne Wealth LLC purchased a new stake in PayPal during the 3rd quarter valued at approximately $582,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Down 0.1 %

Shares of NASDAQ:PYPL traded down $0.03 during trading hours on Monday, hitting $65.12. The company's stock had a trading volume of 6,201,941 shares, compared to its average volume of 11,206,148. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm's fifty day moving average price is $76.28 and its 200 day moving average price is $80.90. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a market capitalization of $64.42 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.27 and a beta of 1.52.

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PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling 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 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. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on PYPL shares. Wolfe Research upgraded shares of 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. Citigroup reiterated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Bank of America raised PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Sixteen 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.40.

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.