PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,531 shares of the credit services provider’s stock after acquiring an additional 552 shares during the period. Fidelis Capital Partners LLC’s holdings in PayPal were worth $340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VitalStone Financial LLC raised its position in PayPal by 4,514.3% during the first quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after acquiring an additional 316 shares during the last quarter. SkyView Investment Advisors LLC raised its position in PayPal by 146.5% during the second quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock worth $73,000 after acquiring an additional 227 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new position in PayPal during the second quarter worth about $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal during the fourth quarter worth about $25,000. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PYPL. JPMorgan Chase & Co. cut their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Citigroup lowered their target price on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, UBS Group boosted their target price on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Trading Up 0.3 %

PYPL opened at $62.31 on Friday. The stock has a market capitalization of $65.59 billion, a PE ratio of 16.23, a P/E/G ratio of 1.41 and a beta of 1.45. The firm’s fifty day moving average price is $62.34 and its 200 day moving average price is $59.93. 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 Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion for 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 firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.