Norden Group LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Norden Group LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.4% during the fourth quarter, HoldingsChannel reports. The fund owned 4,800 shares of the credit services provider’s stock after acquiring an additional 493 shares during the quarter. Norden Group LLC’s holdings in PayPal were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in PayPal during the 3rd quarter worth about $36,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 3.3 %

PYPL stock opened at $67.48 on Wednesday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The firm has a market cap of $66.75 billion, a PE ratio of 16.83, a PEG ratio of 1.27 and a beta of 1.52. The firm’s 50 day moving average price is $82.85 and its 200-day moving average price is $81.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PYPL shares. Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

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.