Van Cleef Asset Management Inc Has $314,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Van Cleef Asset Management Inc increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,110 shares of the credit services provider’s stock after purchasing an additional 1,000 shares during the period. Van Cleef Asset Management Inc’s holdings in PayPal were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal during the fourth quarter worth $25,000. Sutton Wealth Advisors Inc. grew its stake in PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 237 shares during the period. BluePath Capital Management LLC acquired a new position in PayPal in the third quarter valued at about $33,000. Beacon Capital Management LLC grew its stake in PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 225 shares during the period. Finally, Criterion Capital Advisors LLC acquired a new position in PayPal in the fourth quarter valued at about $37,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Down 1.1 %

NASDAQ:PYPL traded down $0.74 during trading hours on Thursday, hitting $64.10. 11,694,753 shares of the company were exchanged, compared to its average volume of 16,248,546. The stock has a market capitalization of $67.47 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The company has a fifty day simple moving average of $62.65 and a 200 day simple moving average of $60.08.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. PayPal’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Susquehanna boosted their target price on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. cut their price target on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Mizuho cut their price target on PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Daiwa Capital Markets lowered PayPal from an “outperform” rating to a “neutral” rating and cut their price target for the company from $64.00 to $62.00 in a report on Tuesday, February 13th. Finally, Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.47.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

About PayPal

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.