PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by IAG Wealth Partners LLC

IAG Wealth Partners LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 178.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 765 shares of the credit services provider’s stock after acquiring an additional 490 shares during the period. IAG Wealth Partners LLC’s holdings in PayPal were worth $65,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of PayPal in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PYPL shares. Citigroup reiterated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s 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 directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $68.62 on Thursday. The company has a market cap of $67.88 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The business has a fifty day moving average of $80.72 and a two-hundred day moving average of $81.00. 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 (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Company 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.