LPL Financial LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

LPL Financial LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,013,517 shares of the credit services provider's stock after buying an additional 94,903 shares during the period. LPL Financial LLC owned about 0.10% of PayPal worth $86,910,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Mizuho Markets Cayman LP bought a new stake in PayPal in the 4th quarter worth about $282,000. Blueprint Investment Partners LLC grew its holdings in shares of PayPal by 61.6% in the fourth quarter. Blueprint Investment Partners LLC now owns 4,391 shares of the credit services provider's stock valued at $375,000 after acquiring an additional 1,673 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of PayPal by 303.3% during the fourth quarter. Fox Run Management L.L.C. now owns 25,243 shares of the credit services provider's stock valued at $2,154,000 after acquiring an additional 18,984 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in PayPal during the fourth quarter worth $37,268,000. Finally, Sei Investments Co. boosted its position in PayPal by 184.4% in the fourth quarter. Sei Investments Co. now owns 641,834 shares of the credit services provider's stock worth $54,780,000 after purchasing an additional 416,184 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction 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 directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Bank of America raised PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Sixteen equities research analysts have rated the stock with 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 stock has a consensus rating of "Moderate Buy" and an average price target of $90.03.

PayPal Price Performance

PayPal stock traded down $3.71 during mid-day trading on Friday, hitting $65.15. 16,521,449 shares of the company traded hands, compared to its average volume of 11,225,267. The stock has a fifty day moving average price of $76.28 and a 200-day moving average price of $80.82. The stock has a market cap of $64.45 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (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%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share 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.