Resonant Capital Advisors LLC Raises Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Resonant Capital Advisors LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,644 shares of the credit services provider’s stock after purchasing an additional 668 shares during the quarter. Resonant Capital Advisors LLC’s holdings in PayPal were worth $1,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vestcor Inc increased its holdings in PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock worth $1,856,000 after purchasing an additional 140 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock worth $1,072,000 after purchasing an additional 143 shares during the period. Oxford Financial Group Ltd. increased its holdings in shares of PayPal by 4.9% in the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after acquiring an additional 150 shares during the period. Donaldson Capital Management LLC increased its holdings in shares of PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 155 shares during the period. Finally, Hartford Financial Management Inc. increased its holdings in shares of PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after acquiring an additional 163 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $62.31 on Friday. The stock has a market cap of $65.59 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. The business has a 50-day simple moving average of $62.34 and a 200-day simple moving average of $59.93. 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 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated 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 approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Sanford C. Bernstein lifted their price target on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a report on Thursday, January 25th. Finally, DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Friday, February 9th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and a consensus target price of $70.47.

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.