Level Four Advisory Services LLC Purchases 6,040 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Level Four Advisory Services LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 127,048 shares of the credit services provider's stock after buying an additional 6,040 shares during the period. Level Four Advisory Services LLC's holdings in PayPal were worth $10,844,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the third quarter valued at about $26,000. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in 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. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of PayPal during the third quarter valued at approximately $36,000. Finally, Modus Advisors LLC acquired a new stake in PayPal during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PYPL shares. StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Piper Sandler reduced their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday. Sixteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

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PayPal Price Performance

PayPal stock traded down $0.46 during trading hours on Monday, reaching $64.69. 4,740,766 shares of the stock were exchanged, compared to its average volume of 11,200,440. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $63.99 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The stock has a 50 day moving average of $76.28 and a two-hundred day moving average of $80.90. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was 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 trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

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.