PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,619 shares of the credit services provider’s stock after acquiring an additional 182 shares during the period. Waldron Private Wealth LLC’s holdings in PayPal were worth $590,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. State Street Corp raised its holdings in PayPal by 2.7% in the first quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock valued at $3,449,434,000 after buying an additional 1,202,956 shares during the period. Geode Capital Management LLC raised its holdings in PayPal by 1.1% in the first quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock valued at $1,586,966,000 after buying an additional 235,651 shares during the period. Morgan Stanley raised its holdings in PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in PayPal by 110,462.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after buying an additional 17,120,572 shares during the period. Finally, Norges Bank purchased a new position in PayPal in the fourth quarter valued at approximately $1,022,333,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Down 1.7 %

NASDAQ:PYPL opened at $63.51 on Tuesday. The stock has a market cap of $66.85 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The stock’s 50-day moving average is $62.16 and its two-hundred day moving average is $59.83. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $77.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PYPL shares. Monness Crespi & Hardt dropped their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Evercore ISI lifted their price objective on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Wells Fargo & Company raised their price target on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Stephens reissued an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. Finally, Oppenheimer reissued a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.47.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was 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 directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

About PayPal

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.