Chicago Partners Investment Group LLC Purchases New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Chicago Partners Investment Group LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,499 shares of the credit services provider’s stock, valued at approximately $220,000.

Other institutional investors have also recently bought and sold shares of the company. Sapient Capital LLC acquired a new position in PayPal during the fourth quarter worth about $806,000. Louisiana State Employees Retirement System bought a new stake in shares of PayPal during the fourth quarter worth about $9,267,000. Bartlett & Co. LLC grew its holdings 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 worth $594,000 after purchasing an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings 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 worth $53,344,000 after purchasing an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings 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 worth $1,183,000 after purchasing an additional 942 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on PYPL shares. BMO Capital Markets boosted their price target on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Wells Fargo & Company boosted their price target on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Thursday, June 13th. Stephens boosted their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, 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 research note on Thursday, April 18th. Twenty investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.82.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Price Performance

Shares of PYPL stock opened at $59.12 on Wednesday. The firm has a market cap of $61.84 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.99 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. 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 issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

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.