Enhancing Capital LLC Makes New $1.01 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Enhancing Capital LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,798 shares of the credit services provider’s stock, valued at approximately $1,007,000.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. increased its holdings in shares of PayPal by 0.3% during the fourth quarter. Xponance Inc. now owns 149,097 shares of the credit services provider’s stock valued at $12,725,000 after acquiring an additional 424 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in PayPal during the 4th quarter valued at about $3,115,000. Evoke Wealth LLC raised its holdings in PayPal by 44.0% in the fourth quarter. Evoke Wealth LLC now owns 3,964 shares of the credit services provider’s stock worth $338,000 after buying an additional 1,212 shares during the last quarter. Horizon Investments LLC raised its holdings in PayPal by 6.0% in the fourth quarter. Horizon Investments LLC now owns 24,566 shares of the credit services provider’s stock worth $2,097,000 after buying an additional 1,398 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock worth $59,489,000 after buying an additional 18,172 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.0 %

PYPL stock opened at $69.65 on Tuesday. The firm has a fifty day moving average price of $79.56 and a 200 day moving average price of $80.99. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $68.90 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Robert W. Baird decreased their target price on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Keefe, Bruyette & Woods lifted their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.03.

About PayPal

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.