Knuff & Co LLC Purchases 1,660 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Knuff & Co LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,057 shares of the credit services provider’s stock after purchasing an additional 1,660 shares during the quarter. Knuff & Co LLC’s holdings in PayPal were worth $2,706,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new stake in shares of PayPal during the 4th quarter valued at about $9,267,000. Bartlett & Co. LLC boosted its holdings in PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of PayPal by 9.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of 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. lifted its position in shares of PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock worth $1,332,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.9 %

NASDAQ:PYPL traded down $1.28 during trading hours on Friday, reaching $65.70. 15,435,157 shares of the stock were exchanged, compared to its average volume of 12,651,739. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.29. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The stock has a market cap of $68.73 billion, a PE ratio of 16.55, a PEG ratio of 1.20 and a beta of 1.41. The firm has a 50 day moving average of $63.69 and a 200 day moving average of $60.50.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Insider Activity

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

Analysts Set New Price Targets

PYPL has been the topic of a number of analyst reports. Citigroup lowered their price target on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Company increased their target price on shares of PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JMP Securities boosted their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday. Canaccord Genuity Group decreased their price objective on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Monness Crespi & Hardt lifted their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Twenty-five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.73.

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.