Miller Financial Services LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Miller Financial Services LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,467 shares of the credit services provider’s stock, valued at approximately $723,000.

A number of other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its position in PayPal by 14.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 17,294 shares of the credit services provider’s stock worth $1,476,000 after purchasing an additional 2,155 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in PayPal by 32.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 4,335 shares of the credit services provider’s stock worth $370,000 after purchasing an additional 1,073 shares in the last quarter. Clare Market Investments LLC purchased a new stake in PayPal during the fourth quarter worth $966,000. Independent Advisor Alliance boosted its position in PayPal by 28.3% during the fourth quarter. Independent Advisor Alliance now owns 53,811 shares of the credit services provider’s stock worth $4,593,000 after purchasing an additional 11,860 shares in the last quarter. Finally, Gallagher Capital Advisors LLC purchased a new stake in PayPal during the fourth quarter worth $416,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PYPL. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday, February 28th. Citigroup reissued an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Robert W. Baird cut their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated 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 transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 0.14% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $68.16 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The business has a 50-day moving average of $81.40 and a 200-day moving average of $81.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $67.43 billion, a price-to-earnings ratio of 17.00, a PEG 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 earnings per share 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 company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate 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.