5,319 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Naviter Wealth LLC

Naviter Wealth LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,319 shares of the credit services provider's stock, valued at approximately $454,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp grew its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of PayPal during the 3rd quarter worth $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred 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 approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

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Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and upped their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Macquarie raised their price target on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Robert W. Baird decreased their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Barclays increased their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.03.

PayPal Price Performance

PYPL stock traded down $2.32 during midday trading on Monday, reaching $68.16. 14,354,275 shares of the company's stock traded hands, compared to its average volume of 12,376,236. The company has a 50-day simple moving average of $81.75 and a two-hundred day simple moving average of $81.13. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a market cap of $67.43 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its 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 company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.48 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.