Virtus ETF Advisers LLC Buys Shares of 13,763 PayPal Holdings, Inc. (NASDAQ:PYPL)

Virtus ETF Advisers LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 13,763 shares of the credit services provider's stock, valued at approximately $1,175,000.

A number of other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its position 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 worth $26,000 after purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new position in shares of PayPal in the 4th quarter worth $27,000. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Modus Advisors LLC bought a new position in shares of PayPal in the 4th quarter worth $37,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the 4th quarter worth $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of PYPL traded down $0.41 during midday trading on Monday, reaching $64.93. 14,194,203 shares of the stock were exchanged, compared to its average volume of 11,457,111. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $63.46 billion, a P/E ratio of 16.19, a PEG ratio of 1.27 and a beta of 1.60. The stock's 50 day simple moving average is $66.76 and its 200 day simple moving average is $78.58.

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

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Finally, BTIG Research reiterated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.88.

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.