Strategic Wealth Partners Ltd. Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Strategic Wealth Partners Ltd. raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,477 shares of the credit services provider’s stock after acquiring an additional 5,889 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in PayPal were worth $3,284,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PYPL. Tang Capital Management LLC raised its holdings in PayPal by 41.6% during the fourth quarter. Tang Capital Management LLC now owns 15,714 shares of the credit services provider’s stock worth $1,341,000 after purchasing an additional 4,615 shares in the last quarter. Security National Bank of SO Dak grew its position in shares of PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock valued at $1,041,000 after buying an additional 137 shares during the last quarter. Sig Brokerage LP acquired a new stake in PayPal during the 4th quarter worth $589,000. Rafferty Asset Management LLC lifted its position in PayPal by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 562,201 shares of the credit services provider’s stock valued at $47,984,000 after acquiring an additional 7,134 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in PayPal in the fourth quarter valued at $707,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Friday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Royal Bank of Canada cut their target price on shares of PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Seaport Res Ptn downgraded shares of PayPal from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 17th. Finally, UBS Group reduced their target price on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Two 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. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $83.68.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’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 sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $72.18 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 firm has a market cap of $70.20 billion, a PE ratio of 18.00, a P/E/G ratio of 1.27 and a beta of 1.51. The firm has a 50 day simple moving average of $65.99 and a 200-day simple moving average of $77.39. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

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

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.