Quattro Financial Advisors LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quattro Financial Advisors LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8,096.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the credit services provider’s stock after acquiring an additional 4,939 shares during the period. Quattro Financial Advisors LLC’s holdings in PayPal were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of PayPal during the fourth quarter worth about $749,561,000. The Manufacturers Life Insurance Company lifted its stake in shares of PayPal by 125.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares in the last quarter. Morgan Stanley lifted its stake in shares of PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares in the last quarter. Boston Partners lifted its stake in shares of PayPal by 4,024.5% during the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock worth $48,099,000 after purchasing an additional 764,258 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of PayPal by 1,309.2% during the fourth quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock worth $49,168,000 after purchasing an additional 743,833 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PYPL shares. Susquehanna upgraded PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price target on the stock in a research note on Tuesday. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. BMO Capital Markets upped their price objective on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Robert W. Baird upped their price objective on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Monness Crespi & Hardt upped their price objective on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Twenty research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.82.

Insiders Place Their Bets

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

PayPal Stock Up 2.0 %

Shares of PYPL traded up $1.16 during mid-day trading on Tuesday, reaching $58.97. The company’s stock had a trading volume of 13,225,410 shares, compared to its average volume of 14,999,569. The business has a fifty day moving average of $63.07 and a 200 day moving average of $62.40. The company has a market cap of $61.69 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company posted $0.86 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

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.