12,706 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,706 shares of the credit services provider’s stock, valued at approximately $839,000.

Other large investors also recently added to or reduced their stakes in the company. Sapient Capital LLC bought a new stake in PayPal during the fourth quarter worth approximately $806,000. Louisiana State Employees Retirement System bought a new stake in PayPal during the fourth quarter worth approximately $9,267,000. Bartlett & Co. LLC grew its stake in shares of PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after buying an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after buying an additional 942 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Trading Down 1.7 %

PYPL opened at $59.12 on Wednesday. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The stock has a market capitalization of $61.84 billion, a PE ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 1.43. The business’s 50 day moving average price is $63.94 and its 200 day moving average price is $62.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PYPL shares. Stephens boosted their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price target on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Sanford C. Bernstein boosted their price target on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, Evercore ISI boosted their price target on PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $73.82.

PayPal 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.