Ghe LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ghe LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,529 shares of the credit services provider’s stock after purchasing an additional 644 shares during the period. PayPal comprises 0.9% of Ghe LLC’s holdings, making the stock its 28th biggest position. Ghe LLC’s holdings in PayPal were worth $1,445,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Wynn Capital LLC bought a new position in shares of PayPal during the 4th quarter worth approximately $594,000. Watershed Asset Management L.L.C. increased its stake in PayPal by 13.1% during the 4th quarter. Watershed Asset Management L.L.C. now owns 4,830 shares of the credit services provider’s stock valued at $297,000 after purchasing an additional 559 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in PayPal by 70.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,755 shares of the credit services provider’s stock valued at $906,000 after purchasing an additional 6,114 shares in the last quarter. Mizuho Securities Co. Ltd. increased its stake in PayPal by 537.6% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 5,930 shares of the credit services provider’s stock valued at $364,000 after purchasing an additional 5,000 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in PayPal during the 4th quarter valued at approximately $274,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. DZ Bank downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a report on Friday, February 9th. Monness Crespi & Hardt lowered their price target on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. JMP Securities increased their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 17th. Finally, William Blair reissued an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 0.6 %

Shares of PYPL traded up $0.41 during trading on Wednesday, reaching $64.84. 8,173,079 shares of the company traded hands, compared to its average volume of 16,305,638. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The stock has a market cap of $68.25 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. The stock has a 50-day simple moving average of $62.65 and a 200-day simple moving average of $60.08. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.