Clare Market Investments LLC Makes New $966,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Clare Market Investments LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,318 shares of the credit services provider's stock, valued at approximately $966,000.

A number of other hedge funds also recently modified their holdings of PYPL. Portside Wealth Group LLC grew its stake in shares of PayPal by 16.5% during the third quarter. Portside Wealth Group LLC now owns 4,698 shares of the credit services provider's stock valued at $367,000 after buying an additional 664 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in PayPal by 63.7% in the third quarter. Leavell Investment Management Inc. now owns 18,011 shares of the credit services provider's stock worth $1,405,000 after buying an additional 7,010 shares during the period. CWA Asset Management Group LLC purchased a new stake in PayPal in the third quarter worth about $463,000. SpiderRock Advisors LLC lifted its holdings in shares of PayPal by 39.7% during the third quarter. SpiderRock Advisors LLC now owns 27,100 shares of the credit services provider's stock valued at $2,115,000 after purchasing an additional 7,697 shares during the last quarter. Finally, United Bank lifted its holdings in shares of PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after purchasing an additional 794 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Citigroup restated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Fourteen investment 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's stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average price target of $90.03.

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Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction 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 $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

PayPal Stock Performance

PYPL stock traded down $2.32 on Monday, hitting $68.16. The company's stock had a trading volume of 14,993,467 shares, compared to its average volume of 12,391,431. The firm has a 50 day moving average of $81.40 and a two-hundred day moving average of $81.11. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market cap of $67.43 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth 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.

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

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.