Globeflex Capital L P Has $25.20 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Globeflex Capital L P decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 295,305 shares of the credit services provider’s stock after selling 51,085 shares during the quarter. PayPal comprises approximately 2.1% of Globeflex Capital L P’s investment portfolio, making the stock its 11th biggest position. Globeflex Capital L P’s holdings in PayPal were worth $25,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC grew its position in shares of PayPal by 4.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 11,688 shares of the credit services provider’s stock valued at $998,000 after purchasing an additional 506 shares during the last quarter. Poinciana Advisors Group LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $300,000. Hills Bank & Trust Co grew its position in shares of PayPal by 14.7% in the fourth quarter. Hills Bank & Trust Co now owns 14,997 shares of the credit services provider’s stock valued at $1,280,000 after purchasing an additional 1,921 shares during the last quarter. Capital Management Associates NY grew its position in shares of PayPal by 25.0% in the fourth quarter. Capital Management Associates NY now owns 15,000 shares of the credit services provider’s stock valued at $1,280,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Wellington Shields & Co. LLC grew its position in PayPal by 28.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 4,083 shares of the credit services provider’s stock worth $348,000 after buying an additional 898 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of PayPal stock opened at $68.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day simple moving average of $79.96 and a 200 day simple moving average of $80.88. The firm has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a PEG 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.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PYPL shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

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.