PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Boosted by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 34,777 shares of the credit services provider’s stock after purchasing an additional 1,531 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in PayPal were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. United Bank increased its position in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after buying an additional 794 shares during the period. Sigma Planning Corp grew its position in shares of PayPal by 20.0% during the third quarter. Sigma Planning Corp now owns 12,736 shares of the credit services provider’s stock worth $994,000 after acquiring an additional 2,120 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in shares of PayPal in the 3rd quarter worth about $210,000. Aigen Investment Management LP bought a new stake in PayPal in the 3rd quarter valued at about $349,000. Finally, Simmons Bank boosted its stake in PayPal by 8.2% during the 3rd quarter. Simmons Bank now owns 26,577 shares of the credit services provider’s stock valued at $2,074,000 after purchasing an additional 2,008 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Barclays raised their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Stock Down 2.5 %

Shares of NASDAQ:PYPL opened at $66.91 on Friday. The firm has a 50 day simple moving average of $80.33 and a 200 day simple moving average of $80.90. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 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 company has a market cap of $66.19 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last issued its earnings results 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 return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the firm posted $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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.