Focus Partners Wealth Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Partners Wealth boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 241.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 291,113 shares of the credit services provider’s stock after buying an additional 205,762 shares during the quarter. Focus Partners Wealth’s holdings in PayPal were worth $24,988,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ellevest Inc. purchased a new stake in PayPal in the 4th quarter valued at approximately $231,000. Ethic Inc. lifted its stake in PayPal by 11.5% in the 4th quarter. Ethic Inc. now owns 84,463 shares of the credit services provider’s stock valued at $7,209,000 after buying an additional 8,738 shares in the last quarter. Fiduciary Trust Co raised its holdings in PayPal by 6.5% in the 4th quarter. Fiduciary Trust Co now owns 11,447 shares of the credit services provider’s stock valued at $977,000 after acquiring an additional 703 shares during the last quarter. First Manhattan CO. LLC. raised its holdings in PayPal by 5.0% in the 4th quarter. First Manhattan CO. LLC. now owns 40,710 shares of the credit services provider’s stock valued at $3,475,000 after acquiring an additional 1,943 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings in PayPal by 65.7% in the 4th quarter. Fred Alger Management LLC now owns 223,705 shares of the credit services provider’s stock valued at $19,093,000 after acquiring an additional 88,694 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $70.26 on Monday. 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 firm has a 50-day moving average of $65.65 and a two-hundred day moving average of $77.67. The stock has a market cap of $68.33 billion, a P/E ratio of 17.52, a PEG ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 transaction, the director now owns 29,734 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PYPL has been the subject of several analyst reports. Barclays cut their price target on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Monness Crespi & Hardt cut their price target on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Finally, Citigroup cut their price target on PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.68.

PayPal Company 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.