Evergreen Wealth Management LLC Acquires 5,734 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Evergreen Wealth Management LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,374 shares of the credit services provider’s stock after acquiring an additional 5,734 shares during the quarter. Evergreen Wealth Management LLC’s holdings in PayPal were worth $1,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal in the 4th quarter worth about $25,000. Sutton Wealth Advisors Inc. grew its holdings in shares of 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 in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of PayPal during the third quarter valued at approximately $33,000. Beacon Capital Management LLC lifted its holdings in PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 225 shares during the period. Finally, Criterion Capital Advisors LLC purchased a new position in PayPal in the fourth quarter worth $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Robert W. Baird lifted their target price on PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday. JMP Securities boosted their target price on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research note on Wednesday. Evercore ISI increased their target price on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Oppenheimer reiterated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Twenty-five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and a consensus target price of $72.73.

PayPal Trading Down 1.9 %

Shares of PYPL stock traded down $1.28 on Friday, hitting $65.70. 15,435,157 shares of the company’s stock traded hands, compared to its average volume of 12,651,739. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. The stock has a market capitalization of $68.73 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.20 and a beta of 1.41. The company’s fifty day simple moving average is $63.69 and its 200 day simple moving average is $60.56. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

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.