Atala Financial Inc Takes $1.58 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atala Financial Inc bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,562 shares of the credit services provider's stock, valued at approximately $1,584,000. PayPal accounts for about 1.1% of Atala Financial Inc's holdings, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC raised its holdings in 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 purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal during the third quarter valued at about $387,435,000. Equity Investment Corp raised its stake in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Fortem Financial Group LLC lifted its holdings in PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock worth $2,842,000 after buying an additional 7,291 shares during the period. Finally, Franklin Resources Inc. boosted its position in PayPal by 120.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock valued at $125,461,000 after acquiring an additional 849,311 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

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PayPal Stock Performance

PYPL stock traded up $2.04 during trading on Friday, reaching $68.95. The stock had a trading volume of 9,825,998 shares, compared to its average volume of 12,263,908. The firm has a market cap of $68.21 billion, a PE ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52. 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 stock's 50 day moving average is $79.96 and its two-hundred day moving average is $80.88. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PYPL shares. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Piper Sandler lowered their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company's stock.

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.