Hurley Capital LLC Invests $27,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hurley Capital LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 301 shares of the credit services provider’s stock, valued at approximately $27,000.

Other hedge funds have also bought and sold shares of the company. United Bank lifted its stake in PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after purchasing an additional 794 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of PayPal by 8.0% during the third quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider’s stock worth $906,000 after purchasing an additional 864 shares during the period. Quantinno Capital Management LP lifted its position in shares of PayPal by 9.0% in the 3rd quarter. Quantinno Capital Management LP now owns 84,626 shares of the credit services provider’s stock worth $6,603,000 after buying an additional 7,016 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of PayPal by 4.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider’s stock valued at $200,599,000 after buying an additional 106,435 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in shares of PayPal by 5.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 315,053 shares of the credit services provider’s stock valued at $23,570,000 after buying an additional 17,226 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s 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 directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade 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. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on PYPL shares. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Barclays raised their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Piper Sandler reduced their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Fifteen 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

PayPal Price Performance

PYPL stock opened at $58.37 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The firm has a 50-day moving average of $73.65 and a two-hundred day moving average of $80.58. The firm has a market capitalization of $57.74 billion, a PE ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. 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 issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating 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 business 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 firm earned $1.48 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.