Assetmark Inc. Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Assetmark Inc. raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 492.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,410 shares of the credit services provider’s stock after acquiring an additional 1,172 shares during the quarter. Assetmark Inc.’s holdings in PayPal were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Keybank National Association OH grew its holdings in PayPal by 48.9% in the fourth quarter. Keybank National Association OH now owns 30,746 shares of the credit services provider’s stock valued at $2,624,000 after purchasing an additional 10,093 shares during the period. Ring Mountain Capital LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $581,000. Exencial Wealth Advisors LLC grew its holdings in PayPal by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,158 shares of the credit services provider’s stock valued at $1,038,000 after purchasing an additional 152 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in PayPal by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after purchasing an additional 84,337 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in PayPal by 36.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 36,406 shares of the credit services provider’s stock valued at $3,107,000 after buying an additional 9,636 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

PYPL stock opened at $68.95 on Friday. The company has a market cap of $68.21 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. 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 stock’s fifty day moving average price is $79.96 and its 200-day moving average price is $80.88.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the firm earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Barclays lifted their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was 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 in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

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.