Nixon Capital LLC Has $30.84 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nixon Capital LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 343,178 shares of the credit services provider's stock after buying an additional 12,850 shares during the period. PayPal makes up 10.0% of Nixon Capital LLC's portfolio, making the stock its largest position. Nixon Capital LLC's holdings in PayPal were worth $30,835,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PYPL shares. Keefe, Bruyette & Woods dropped their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.32.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

PayPal Price Performance

Shares of PayPal stock traded up $2.03 on Friday, reaching $62.59. 12,914,497 shares of the stock were exchanged, compared to its average volume of 11,480,378. The firm's 50 day moving average is $69.88 and its 200-day moving average is $79.77. The firm has a market cap of $61.92 billion, a PE ratio of 15.61, a P/E/G ratio of 1.27 and a beta of 1.60. 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 Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for 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 company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS 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.