3,297 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Twin Focus Capital Partners LLC

Twin Focus Capital Partners LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,297 shares of the credit services provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PYPL. Hartford Financial Management Inc. increased its stake in shares of PayPal by 18.8% in the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc grew its stake in shares of PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 170 shares during the last quarter. Brooks Moore & Associates Inc. boosted its stake in PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after acquiring an additional 180 shares during the last quarter. Waldron Private Wealth LLC boosted its position in shares of PayPal by 1.9% during the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after purchasing an additional 182 shares in the last quarter. Finally, New World Advisors LLC boosted its position in shares of PayPal by 2.9% during the fourth quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock worth $404,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $0.91 during mid-day trading on Friday, hitting $60.64. The company had a trading volume of 10,366,037 shares, compared to its average volume of 10,765,228. The firm has a market cap of $63.43 billion, a P/E ratio of 15.27, a PEG ratio of 0.99 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The business’s 50-day simple moving average is $64.22 and its 200-day simple moving average is $62.43.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. BMO Capital Markets boosted their price objective on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Stephens boosted their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. UBS Group upped their price objective on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird upped their price target on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.82.

View Our Latest Stock Analysis on PYPL

PayPal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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