Ashton Thomas Securities LLC Acquires 413 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ashton Thomas Securities LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,130 shares of the credit services provider’s stock after purchasing an additional 413 shares during the quarter. Ashton Thomas Securities LLC’s holdings in PayPal were worth $437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in PayPal during the 3rd quarter worth $36,000. Finally, Modus Advisors LLC acquired a new stake in shares of PayPal during the fourth quarter worth $37,000. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PYPL shares. Macquarie upped their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Keefe, Bruyette & Woods lifted their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.03.

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 stock was 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Trading Down 0.2 %

NASDAQ:PYPL opened at $70.86 on Wednesday. The firm has a fifty day simple moving average of $77.61 and a two-hundred day simple moving average of $80.92. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock has a market capitalization of $70.10 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.27 and a beta of 1.52. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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