Seizert Capital Partners LLC Has $51.26 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Seizert Capital Partners LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 36.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,565 shares of the credit services provider's stock after acquiring an additional 160,047 shares during the quarter. PayPal accounts for approximately 2.3% of Seizert Capital Partners LLC's portfolio, making the stock its 12th largest position. Seizert Capital Partners LLC owned approximately 0.06% of PayPal worth $51,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% in 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 lifted its holdings in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in PayPal during the third quarter valued at approximately $36,000. 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 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 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 filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Trading Up 3.0 %

Shares of PYPL traded up $2.02 during trading on Wednesday, reaching $69.50. 14,450,001 shares of the company traded hands, compared to its average volume of 12,261,711. The stock has a 50-day simple moving average of $82.48 and a 200-day simple moving average of $81.09. 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 twelve month low of $56.97 and a twelve month high of $93.66. The stock has a market cap of $68.75 billion, a PE ratio of 17.33, a price-to-earnings-growth 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 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the topic of a number of analyst reports. Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average price target of $90.03.

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.