PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 240,900 shares of the credit services provider’s stock after purchasing an additional 36,800 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in PayPal were worth $20,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Legacy Investment Solutions LLC acquired a new stake in PayPal in the 3rd quarter valued at about $36,000. Finally, Modus Advisors LLC acquired a new stake in PayPal in the 4th quarter valued at about $37,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Robert W. Baird lowered their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Citigroup reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Activity

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

PayPal Trading Down 0.5 %

Shares of PYPL stock opened at $69.67 on Friday. The stock has a market cap of $68.92 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth 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. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The firm’s 50 day moving average price is $78.46 and its two-hundred day moving average price is $80.81.

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