PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Increased by Truvestments Capital LLC

Truvestments Capital LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,841 shares of the credit services provider’s stock after purchasing an additional 328 shares during the period. Truvestments Capital LLC’s holdings in PayPal were worth $755,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its stake in shares of PayPal by 12.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 28,738 shares of the credit services provider’s stock worth $2,453,000 after purchasing an additional 3,070 shares during the last quarter. HighTower Advisors LLC increased its position in shares of PayPal by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 484,724 shares of the credit services provider’s stock worth $41,371,000 after acquiring an additional 3,412 shares in the last quarter. Natural Investments LLC purchased a new position in shares of PayPal in the fourth quarter worth approximately $233,000. Fairway Wealth LLC purchased a new position in shares of PayPal in the fourth quarter worth approximately $51,000. Finally, Eos Management L.P. purchased a new position in shares of PayPal in the fourth quarter worth approximately $1,000,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.3 %

PYPL opened at $67.98 on Wednesday. The firm’s 50-day simple moving average is $81.05 and its 200-day simple moving average is $81.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market cap of $67.25 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.27 and a beta of 1.52.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on PYPL shares. Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available 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.