Atala Financial Inc Makes New $1.58 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atala Financial Inc bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,562 shares of the credit services provider's stock, valued at approximately $1,584,000. PayPal comprises about 1.1% of Atala Financial Inc's portfolio, making the stock its 29th biggest position.

Other hedge funds have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC grew its holdings in shares of PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter worth $387,435,000. Equity Investment Corp boosted its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Fortem Financial Group LLC boosted its position in PayPal by 28.0% during the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after purchasing an additional 7,291 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in PayPal by 120.3% during the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock valued at $125,461,000 after purchasing an additional 849,311 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Piper Sandler lowered their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.03.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was 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 directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

PayPal Price Performance

Shares of PayPal stock traded up $2.04 during trading on Friday, reaching $68.95. The company's stock had a trading volume of 9,825,998 shares, compared to its average volume of 12,263,908. The stock has a 50-day moving average price of $79.96 and a two-hundred day moving average price of $81.02. 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 one year low of $56.97 and a one year high of $93.66. The stock has a market capitalization of $68.21 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business posted $1.48 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.