PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 25.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,660 shares of the credit services provider’s stock after acquiring an additional 2,730 shares during the quarter. Arkadios Wealth Advisors’ holdings in PayPal were worth $973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in PayPal during the 3rd quarter worth about $26,000. Old North State Trust LLC acquired a new stake in PayPal during the 3rd quarter worth about $29,000. New Millennium Group LLC acquired a new stake in PayPal during the 2nd quarter worth about $30,000. TD Capital Management LLC purchased a new position in shares of PayPal during the 3rd quarter valued at about $35,000. Finally, Turim 21 Investimentos Ltda. purchased a new position in shares of PayPal during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Activity at PayPal

In other PayPal news, CEO Daniel H. Schulman acquired 26,065 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were purchased at an average cost of $76.17 per share, for a total transaction of $1,985,371.05. Following the completion of the acquisition, the chief executive officer now owns 395,351 shares of the company’s stock, valued at approximately $30,113,885.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

PYPL has been the subject of a number of recent research reports. BMO Capital Markets reduced their price objective on PayPal from $117.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, February 13th. Wells Fargo & Company lifted their price objective on PayPal from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on PayPal from $140.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, January 31st. Truist Financial upgraded PayPal from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $95.00 in a research note on Tuesday, January 3rd. Finally, BNP Paribas upgraded PayPal from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.42.

PayPal Trading Down 1.8 %

Shares of PayPal stock opened at $72.99 on Friday. The stock has a market cap of $82.58 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.12 and a beta of 1.31. The stock’s 50 day simple moving average is $77.66 and its 200-day simple moving average is $80.89. PayPal Holdings, Inc. has a 1-year low of $66.39 and a 1-year high of $122.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The credit services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. PayPal had a return on equity of 17.48% and a net margin of 8.79%. The firm had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 3.82 EPS for the current fiscal year.

PayPal Company Profile

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PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.