Octavia Wealth Advisors LLC Has $234,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Octavia Wealth Advisors LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,807 shares of the credit services provider’s stock after purchasing an additional 261 shares during the period. Octavia Wealth Advisors LLC’s holdings in PayPal were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SVB Wealth LLC raised its holdings in shares of PayPal by 15.2% in the fourth quarter. SVB Wealth LLC now owns 13,985 shares of the credit services provider’s stock valued at $859,000 after purchasing an additional 1,846 shares during the last quarter. LifePlan Financial LLC acquired a new position in PayPal during the fourth quarter worth $1,266,000. VELA Investment Management LLC increased its holdings in PayPal by 27.1% during the fourth quarter. VELA Investment Management LLC now owns 11,755 shares of the credit services provider’s stock worth $722,000 after buying an additional 2,508 shares during the last quarter. Mackenzie Financial Corp increased its holdings in PayPal by 136.1% during the fourth quarter. Mackenzie Financial Corp now owns 285,579 shares of the credit services provider’s stock worth $17,537,000 after buying an additional 164,608 shares during the last quarter. Finally, Cullen Investment Group LTD. acquired a new position in PayPal during the fourth quarter worth $525,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Monness Crespi & Hardt lowered their target price on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Stephens reiterated an “equal weight” rating and issued a $70.00 price objective on shares of PayPal in a report on Thursday, February 8th. Susquehanna upped their price objective on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their price objective on shares of PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and an average price target of $70.47.

PayPal Trading Down 0.1 %

PYPL opened at $63.43 on Wednesday. The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $77.95. The company has a 50-day simple moving average of $62.15 and a 200 day simple moving average of $59.86.

PayPal (NASDAQ:PYPL) last posted its earnings results 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 firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred 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 owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

PayPal Company 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.