20,609 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by LifePlan Financial LLC

LifePlan Financial LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the fourth quarter, HoldingsChannel reports. The fund bought 20,609 shares of the credit services provider’s stock, valued at approximately $1,266,000. PayPal accounts for 1.3% of LifePlan Financial LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors also recently bought and sold shares of the stock. Bartlett & Co. LLC increased its stake in PayPal by 8.5% in the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after buying an additional 740 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in PayPal in the 4th quarter worth $9,267,000. DekaBank Deutsche Girozentrale increased its stake in PayPal by 9.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after buying an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. increased its stake in PayPal by 4.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after buying an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. grew its position in shares of PayPal by 2.0% during the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after purchasing an additional 433 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PYPL. Monness Crespi & Hardt cut their price objective on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. JMP Securities restated a “market outperform” rating and set a $68.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Stephens restated an “equal weight” rating and set a $70.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Canaccord Genuity Group cut their price objective on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Susquehanna lifted their price target on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.47.

Read Our Latest Report on PYPL

PayPal Trading Down 1.7 %

Shares of PayPal stock traded down $1.08 on Monday, hitting $63.51. 10,997,712 shares of the company traded hands, compared to its average volume of 16,941,184. The company has a market cap of $66.85 billion, a PE ratio of 16.53, a PEG ratio of 1.47 and a beta of 1.45. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $62.12 and its 200-day moving average price is $59.79.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

PayPal Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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