iSAM Funds UK Ltd Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

iSAM Funds UK Ltd purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,422 shares of the credit services provider’s stock, valued at approximately $292,000.

Other large investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC acquired a new stake in PayPal in the 4th quarter valued at $27,000. Bernard Wealth Management Corp. purchased a new position in PayPal in the 4th quarter valued at about $37,000. Crowley Wealth Management Inc. purchased a new position in PayPal in the 4th quarter valued at about $39,000. Bank of Jackson Hole Trust purchased a new position in PayPal in the 4th quarter valued at about $41,000. Finally, JFS Wealth Advisors LLC boosted its position in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after buying an additional 125 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Trading Up 0.4%

PayPal stock opened at $72.61 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $70.62 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $66.17 and its two-hundred day moving average price is $77.31.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. UBS Group cut their target price on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company cut their target price on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Citigroup cut their target price on shares of PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Finally, Robert W. Baird lifted their price target on PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.68.

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.