Eagle Global Advisors LLC Has $12.14 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Eagle Global Advisors LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 142,218 shares of the credit services provider’s stock after buying an additional 2,495 shares during the quarter. Eagle Global Advisors LLC’s holdings in PayPal were worth $12,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after buying an additional 271,836 shares in the last quarter. FMR LLC boosted its stake in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Norges Bank acquired a new position in PayPal during the 4th quarter worth approximately $1,086,508,000. Finally, Northern Trust Corp boosted its position in PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock valued at $892,953,000 after buying an additional 1,669,908 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PYPL. Bank of America decreased their price target on shares of PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, April 30th. BMO Capital Markets reduced their price target on PayPal from $83.00 to $79.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Evercore ISI began coverage on PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price objective for the company. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.68.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $68.05 on Wednesday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $66.18 billion, a P/E ratio of 16.97, a PEG ratio of 1.27 and a beta of 1.51. The business’s 50-day moving average price is $65.63 and its two-hundred day moving average price is $77.93.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.