PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,181 shares of the credit services provider's stock after purchasing an additional 4,340 shares during the period. Integrated Wealth Concepts LLC's holdings in PayPal were worth $3,429,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC increased its stake in shares of PayPal by 9.9% during the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock worth $2,748,000 after purchasing an additional 3,175 shares in the last quarter. Boyar Asset Management Inc. purchased a new stake in shares of PayPal in the third quarter valued at $208,000. World Investment Advisors LLC purchased a new stake in PayPal during the 3rd quarter worth about $5,296,000. Sfmg LLC acquired a new position in PayPal in the 3rd quarter valued at about $234,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in PayPal by 196.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock valued at $798,000 after purchasing an additional 6,772 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.9 %

Shares of PYPL stock traded up $0.57 during mid-day trading on Friday, reaching $65.34. 8,679,009 shares of the company were exchanged, compared to its average volume of 11,445,893. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The business's 50 day simple moving average is $66.76 and its 200 day simple moving average is $78.58. The company has a market capitalization of $64.64 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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 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%. The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the 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 sale, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PYPL. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Evercore ISI assumed coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target on the stock. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Arete Research set a $81.00 target price on PayPal in a research note on Thursday, March 27th. Finally, Compass Point assumed coverage on PayPal in a research note on Wednesday. They issued a "sell" rating and a $56.00 price target on the stock. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $85.88.

About PayPal

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.