PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Boosted by Shelton Capital Management

Shelton Capital Management grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,969 shares of the credit services provider’s stock after purchasing an additional 10,106 shares during the quarter. Shelton Capital Management’s holdings in PayPal were worth $19,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Place Capital Corp grew its position in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. JFS Wealth Advisors LLC grew its position in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC increased its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the period. Finally, Avalon Trust Co raised its holdings in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 135 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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 owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

PayPal Stock Up 0.3 %

Shares of PayPal stock opened at $58.53 on Tuesday. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The business has a fifty day simple moving average of $73.01 and a 200 day simple moving average of $80.50. 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 has a market cap of $57.90 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the business posted $1.48 EPS. PayPal’s revenue was up 4.2% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PYPL. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Arete Research set a $81.00 target price on shares of PayPal in a research report on Thursday, March 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Finally, Susquehanna lifted their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $89.13.

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.