PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,688 shares of the credit services provider’s stock after acquiring an additional 506 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in PayPal were worth $998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. United Bank raised its stake in shares of 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. Aigen Investment Management LP acquired a new stake in shares of PayPal in the third quarter valued at about $349,000. OneDigital Investment Advisors LLC boosted its stake in shares of PayPal by 12.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock worth $1,082,000 after acquiring an additional 1,555 shares in the last quarter. CIBC Asset Management Inc grew its holdings in PayPal by 4.0% in the third quarter. CIBC Asset Management Inc now owns 319,679 shares of the credit services provider’s stock valued at $24,945,000 after purchasing an additional 12,212 shares during the last quarter. Finally, Linscomb Wealth Inc. increased its position in shares of PayPal by 4.0% in the third quarter. Linscomb Wealth Inc. now owns 28,334 shares of the credit services provider’s stock valued at $2,211,000 after buying an additional 1,087 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $68.95 on Friday. The firm has a market capitalization of $68.21 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $79.96 and its two-hundred day simple moving average is $80.94. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the firm posted $1.48 earnings per share. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Barclays raised their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Fourteen 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. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

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.