Proficio Capital Partners LLC Invests $216,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Proficio Capital Partners LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,532 shares of the credit services provider’s stock, valued at approximately $216,000.

A number of other institutional investors also recently added to or reduced their stakes in PYPL. World Investment Advisors LLC bought a new stake in shares of PayPal in the 3rd quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. lifted its position in PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the last quarter. Perpetual Ltd lifted its position in PayPal by 8,761.1% during the fourth quarter. Perpetual Ltd now owns 946,545 shares of the credit services provider’s stock valued at $80,788,000 after acquiring an additional 935,863 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in PayPal by 502.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,030,190 shares of the credit services provider’s stock worth $80,386,000 after purchasing an additional 859,090 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of PayPal by 120.3% during the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after purchasing an additional 849,311 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent analyst reports. Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Piper Sandler lowered their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a research note 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.03.

PayPal Trading Down 1.6 %

Shares of NASDAQ:PYPL opened at $68.86 on Friday. The business’s 50 day moving average price is $76.81 and its 200-day moving average price is $80.76. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm has a market capitalization of $68.12 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

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.