PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 136.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 285,579 shares of the credit services provider’s stock after purchasing an additional 164,608 shares during the quarter. Mackenzie Financial Corp’s holdings in PayPal were worth $17,537,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vestcor Inc boosted its holdings in PayPal by 0.5% during the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock worth $1,856,000 after buying an additional 140 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock worth $1,072,000 after acquiring an additional 143 shares in the last quarter. Oxford Financial Group Ltd. grew its position in shares of PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after acquiring an additional 150 shares during the period. Donaldson Capital Management LLC increased its stake in shares of PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 155 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.8 %

PYPL opened at $62.10 on Friday. The business’s 50 day moving average price is $62.27 and its 200 day moving average price is $59.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $65.37 billion, a PE ratio of 16.17, a P/E/G ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Canaccord Genuity Group cut their price target on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Finally, Oppenheimer restated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.47.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’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 directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.