MML Investors Services LLC Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

MML Investors Services LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,419 shares of the credit services provider's stock after purchasing an additional 47,731 shares during the period. MML Investors Services LLC's holdings in PayPal were worth $12,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PYPL. Park Place Capital Corp lifted its holdings in PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC increased its stake in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after acquiring an additional 130 shares in the last quarter. Finally, Avalon Trust Co lifted its position in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after acquiring an additional 135 shares during the period. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

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 owns 29,734 shares in the company, valued at $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 is available through the SEC website. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Bank of America dropped their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Compass Point began coverage on PayPal in a report on Wednesday. They issued a "sell" rating and a $56.00 price target on the stock. Morgan Stanley upped their target price on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods reduced their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Finally, Arete Research set a $81.00 price objective on shares of PayPal in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.88.

PayPal Price Performance

PYPL stock traded up $2.31 during midday trading on Thursday, reaching $64.77. The company had a trading volume of 10,866,397 shares, compared to its average volume of 11,468,781. The firm has a 50-day moving average price of $67.03 and a 200-day moving average price of $78.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $64.07 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.