PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,658 shares of the credit services provider’s stock after acquiring an additional 2,436 shares during the period. Parallel Advisors LLC’s holdings in PayPal were worth $7,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in PYPL. United Bank lifted its position 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 buying an additional 794 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in PayPal by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock worth $1,082,000 after buying an additional 1,555 shares in the last quarter. Natixis Advisors LLC lifted its position in PayPal by 4.2% during the third quarter. Natixis Advisors LLC now owns 591,223 shares of the credit services provider’s stock worth $46,133,000 after buying an additional 23,890 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in PayPal during the third quarter worth approximately $34,374,000. Finally, Sather Financial Group Inc lifted its position in PayPal by 11.4% during the third quarter. Sather Financial Group Inc now owns 749,481 shares of the credit services provider’s stock worth $58,482,000 after buying an additional 76,895 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

PayPal Trading Up 3.0 %

NASDAQ:PYPL opened at $68.95 on Monday. The stock has a 50-day simple moving average of $79.96 and a 200-day simple moving average of $81.02. The stock has a market cap 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. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 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.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Macquarie lifted their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Piper Sandler reduced their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Friday, February 28th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Fourteen 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’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

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.