Jackson Hole Capital Partners LLC Purchases 1,730 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Jackson Hole Capital Partners LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,807 shares of the credit services provider’s stock after buying an additional 1,730 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in PayPal were worth $909,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal in the fourth quarter worth $25,000. Sutton Wealth Advisors Inc. lifted its position in shares of PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of PayPal during the 3rd quarter valued at $33,000. Beacon Capital Management LLC lifted its position in shares of PayPal by 58.6% during the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PayPal during the 4th quarter valued at $37,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PYPL. Monness Crespi & Hardt dropped their price objective on PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Sanford C. Bernstein increased their price objective on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. William Blair reissued an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Morgan Stanley restated an “equal weight” rating and issued a $66.00 target price (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. decreased their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Stock Down 1.1 %

Shares of PayPal stock traded down $0.74 on Thursday, reaching $64.10. The company’s stock had a trading volume of 11,694,753 shares, compared to its average volume of 16,248,546. The company has a market capitalization of $67.47 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.20 and a beta of 1.45. The firm’s fifty day simple moving average is $62.73 and its two-hundred day simple moving average is $60.10. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. 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 earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.