Great Lakes Advisors LLC Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Great Lakes Advisors LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 559,324 shares of the credit services provider’s stock after acquiring an additional 5,561 shares during the quarter. Great Lakes Advisors LLC’s holdings in PayPal were worth $47,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PYPL. Park Place Capital Corp raised its position in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC increased its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Brave Asset Management Inc. increased its stake in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 141 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PYPL shares. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. 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. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Fourteen investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Down 0.3 %

PayPal stock opened at $67.98 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock has a market capitalization of $67.25 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business’s fifty day moving average is $81.05 and its 200 day moving average is $81.08.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. PayPal’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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 transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.