Stifel Financial Corp Buys 79,381 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Stifel Financial Corp grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,160,461 shares of the credit services provider's stock after purchasing an additional 79,381 shares during the quarter. Stifel Financial Corp owned about 0.12% of PayPal worth $99,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of PYPL. Park Place Capital Corp raised its position in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after buying an additional 116 shares in the last quarter. 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 acquiring an additional 125 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. Wynn Capital LLC grew its holdings in shares of PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Avalon Trust Co raised its stake in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 135 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PYPL. StockNews.com downgraded PayPal from a "buy" rating to a "hold" rating in a research report on Wednesday. Monness Crespi & Hardt cut their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upped their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Macquarie lifted their price objective on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

PayPal Stock Up 0.9 %

NASDAQ:PYPL traded up $0.57 during trading hours on Friday, reaching $65.34. 8,679,009 shares of the company traded hands, compared to its average volume of 11,456,913. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market capitalization of $64.64 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.27 and a beta of 1.60. The business's 50-day moving average price is $66.76 and its two-hundred day moving average price is $78.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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. 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 period in the prior year, the firm posted $1.48 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal 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.