NEOS Investment Management LLC Has $11.90 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

NEOS Investment Management LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,466 shares of the credit services provider’s stock after purchasing an additional 27,142 shares during the quarter. NEOS Investment Management LLC’s holdings in PayPal were worth $11,903,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. 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 last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the third quarter valued at about $26,000. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Modus Advisors LLC bought a new position in PayPal during the fourth quarter valued at about $37,000. Finally, Crowley Wealth Management Inc. acquired a new position in PayPal in the 4th quarter valued at approximately $39,000. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $69.97 on Thursday. The firm has a market cap of $69.22 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 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 50-day moving average price of $77.21 and a 200 day moving average price of $80.85.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PYPL shares. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

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.