Kingswood Wealth Advisors LLC Buys 3,964 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kingswood Wealth Advisors LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 48.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,138 shares of the credit services provider’s stock after purchasing an additional 3,964 shares during the period. Kingswood Wealth Advisors LLC’s holdings in PayPal were worth $745,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in PYPL. Moneta Group Investment Advisors LLC lifted its holdings in PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after purchasing an additional 17,120,572 shares during the last quarter. Norges Bank purchased a new stake in PayPal during the fourth quarter valued at about $1,022,333,000. Clearbridge Investments LLC lifted its holdings in PayPal by 122.0% during the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock valued at $720,555,000 after purchasing an additional 3,424,122 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in PayPal by 36.2% during the second quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider’s stock valued at $718,755,000 after purchasing an additional 2,862,766 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in PayPal by 420.6% during the third quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after purchasing an additional 2,616,774 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PYPL. Daiwa Capital Markets downgraded shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $64.00 to $62.00 in a report on Tuesday, February 13th. JMP Securities reaffirmed a “market outperform” rating and set a $68.00 price objective on shares of PayPal in a report on Thursday, February 8th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Canaccord Genuity Group lowered their price target on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of PayPal in a report on Thursday, March 21st. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.47.

Get Our Latest Report on PayPal

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

PayPal Stock Up 1.0 %

Shares of PayPal stock opened at $66.67 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $77.95. The stock has a market capitalization of $71.45 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.52 and a beta of 1.44. The company’s 50 day moving average price is $61.16 and its 200-day moving average price is $59.32.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the business earned $1.01 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 3.87 EPS for the current year.

PayPal Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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