216,106 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 216,106 shares of the credit services provider’s stock, valued at approximately $18,445,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Blueprint LLC acquired a new position in shares of PayPal during the 3rd quarter worth approximately $255,000. Focus Financial Network Inc. increased its holdings in shares of PayPal by 1.8% in the third quarter. Focus Financial Network Inc. now owns 12,132 shares of the credit services provider’s stock valued at $947,000 after purchasing an additional 214 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of PayPal by 12.2% in the third quarter. Creative Financial Designs Inc. ADV now owns 26,112 shares of the credit services provider’s stock valued at $2,038,000 after purchasing an additional 2,837 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of PayPal by 20.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,890 shares of the credit services provider’s stock worth $694,000 after buying an additional 1,485 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of PayPal by 7.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,798 shares of the credit services provider’s stock worth $388,000 after buying an additional 334 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.5 %

PYPL opened at $71.07 on Friday. The company’s 50 day moving average is $83.61 and its 200-day moving average is $81.05. The company has a market cap of $70.30 billion, a P/E ratio of 17.72, a PEG ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday. Finally, BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average 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.