Maridea Wealth Management LLC Invests $410,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Maridea Wealth Management LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,809 shares of the credit services provider's stock, valued at approximately $410,000.

Other large investors also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC boosted its holdings in PayPal by 113.8% in the fourth 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 acquired a new stake in shares of PayPal in the third quarter worth about $387,435,000. Nikko Asset Management Americas Inc. boosted its stake in shares of PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after acquiring an additional 18,172 shares in the last quarter. Fortem Financial Group LLC increased its holdings in shares of PayPal by 28.0% during the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after acquiring an additional 7,291 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of PayPal by 120.3% in 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. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

PayPal stock traded up $0.10 during trading hours on Monday, hitting $65.25. 11,545,416 shares of the stock were exchanged, compared to its average volume of 11,226,550. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The business's 50-day moving average is $76.28 and its two-hundred day moving average is $80.90. 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 stock has a market capitalization of $64.55 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52.

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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 for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PYPL. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Piper Sandler lowered their price target on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average target price of $89.40.

Insider Buying and Selling

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 shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.