Crowley Wealth Management Inc. Purchases Shares of 460 PayPal Holdings, Inc. (NASDAQ:PYPL)

Crowley Wealth Management Inc. purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 460 shares of the credit services provider’s stock, valued at approximately $39,000.

Several other hedge funds have also modified their holdings of the company. Park Place Capital Corp lifted its position in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC boosted its stake in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Avalon Trust Co boosted its stake in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 135 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $70.19 on Monday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year 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 firm has a fifty day moving average of $78.19 and a 200 day moving average of $80.92. The firm has a market cap of $69.43 billion, a PE ratio of 17.50, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of a number of recent analyst reports. 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 note on Wednesday, February 26th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Piper Sandler lowered their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays lifted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.