4,725 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,725 shares of the credit services provider’s stock, valued at approximately $290,000.

A number of other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB lifted its stake in shares of PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after acquiring an additional 2,616,774 shares during the period. FMR LLC lifted its stake in shares of PayPal by 29.5% in the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after acquiring an additional 1,575,930 shares during the period. LSV Asset Management lifted its stake in shares of PayPal by 271.6% in the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after acquiring an additional 1,120,700 shares during the period. Morgan Stanley increased its holdings in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of PayPal by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider’s stock valued at $140,030,000 after purchasing an additional 864,684 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Monness Crespi & Hardt cut their price target on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Citigroup cut their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Evercore ISI raised their target price on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, UBS Group raised their target price on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.47.

PayPal Trading Up 2.9 %

Shares of PYPL traded up $1.86 during mid-day trading on Friday, hitting $65.96. The company had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. The stock has a market cap of $69.43 billion, a PE ratio of 17.18, a P/E/G ratio of 1.23 and a beta of 1.45. 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 Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The business’s 50-day simple moving average is $62.87 and its 200-day simple moving average is $60.18.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal 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 transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently 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.