State of Wyoming Raises Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

State of Wyoming raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 93.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,665 shares of the credit services provider’s stock after acquiring an additional 5,140 shares during the quarter. State of Wyoming’s holdings in PayPal were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYPL. Hurley Capital LLC purchased a new position in shares of PayPal in the fourth quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new position in PayPal during the fourth quarter worth $37,000. Crowley Wealth Management Inc. acquired a new position in PayPal during the fourth quarter worth $39,000. Bank of Jackson Hole Trust purchased a new stake in PayPal in the fourth quarter valued at $41,000. Finally, JFS Wealth Advisors LLC raised its holdings in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after buying an additional 125 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $72.18 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company’s 50 day moving average is $65.99 and its two-hundred day moving average is $77.39. The firm has a market cap of $70.20 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

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

Analyst Ratings Changes

Several research firms have recently issued reports on PYPL. Piper Sandler lowered their price objective on PayPal from $76.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets dropped their price objective on PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. Royal Bank of Canada lowered their target price on PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods reduced their target price on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.68.

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.