PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Cwm LLC

Cwm LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,406 shares of the credit services provider’s stock after buying an additional 45,524 shares during the quarter. Cwm LLC’s holdings in PayPal were worth $6,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Criterion Capital Advisors LLC acquired a new position in PayPal during the 4th quarter worth $37,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of PayPal by 4.6% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 381,531 shares of the credit services provider’s stock valued at $23,426,000 after purchasing an additional 16,895 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in shares of PayPal by 26.5% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 16,554 shares of the credit services provider’s stock valued at $1,017,000 after purchasing an additional 3,473 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of PayPal by 53.9% in the 4th quarter. Lindbrook Capital LLC now owns 4,106 shares of the credit services provider’s stock valued at $252,000 after purchasing an additional 1,438 shares during the last quarter. Finally, Grandfield & Dodd LLC lifted its holdings in shares of PayPal by 8.3% in the 4th quarter. Grandfield & Dodd LLC now owns 364,295 shares of the credit services provider’s stock valued at $22,371,000 after purchasing an additional 27,837 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Mizuho reduced their target price on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Evercore ISI increased their price objective on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Finally, Citigroup reduced their price target on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Price Performance

Shares of PayPal stock opened at $63.19 on Tuesday. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The stock has a market capitalization of $66.52 billion, a P/E ratio of 16.46, a PEG ratio of 1.38 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. The business’s fifty day moving average price is $62.40 and its 200 day moving average price is $60.00.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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 company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.04 earnings per share for the current year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.