4,462 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,462 shares of the credit services provider’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. raised its holdings in PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc raised its holdings in 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 worth $289,000 after buying an additional 170 shares during the last quarter. Brooks Moore & Associates Inc. raised its holdings in PayPal by 1.3% during the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock worth $841,000 after buying an additional 180 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in 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 buying an additional 182 shares during the last quarter. Finally, New World Advisors LLC raised its holdings in 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 buying an additional 185 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Monness Crespi & Hardt lowered their price objective 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. Canaccord Genuity Group lowered their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of PayPal in a report on Thursday, March 21st. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $70.47.

Insiders Place Their Bets

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

PayPal Trading Down 1.1 %

Shares of PYPL opened at $64.10 on Friday. The firm’s 50 day simple moving average is $62.73 and its 200 day simple moving average is $60.10. The company has a market capitalization of $67.47 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.21 and a beta of 1.45. 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 1-year low of $50.25 and a 1-year high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

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.