CoreCap Advisors LLC Has $540,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

CoreCap Advisors LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 41.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,327 shares of the credit services provider’s stock after buying an additional 1,853 shares during the period. CoreCap Advisors LLC’s holdings in PayPal were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in PayPal in the fourth quarter worth about $1,086,508,000. Capital Research Global Investors grew its position in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after buying an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after buying an additional 5,772,198 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the period. Finally, FMR LLC boosted its stake in PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird lifted their price objective on PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Citigroup lowered their price target on PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Morgan Stanley increased 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. Compass Point started coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.68.

PayPal Stock Performance

PYPL opened at $70.26 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $68.33 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The business has a fifty day simple moving average of $65.65 and a 200 day simple moving average of $77.70. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.