SVB Wealth LLC Acquires 1,846 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

SVB Wealth LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.2% in the fourth quarter, Holdings Channel reports. The fund owned 13,985 shares of the credit services provider’s stock after purchasing an additional 1,846 shares during the quarter. SVB Wealth LLC’s holdings in PayPal were worth $859,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. LifePlan Financial LLC bought a new stake in PayPal in the fourth quarter worth about $1,266,000. VELA Investment Management LLC lifted its stake in PayPal by 27.1% in the fourth quarter. VELA Investment Management LLC now owns 11,755 shares of the credit services provider’s stock worth $722,000 after purchasing an additional 2,508 shares during the last quarter. Mackenzie Financial Corp lifted its stake in PayPal by 136.1% in the fourth quarter. Mackenzie Financial Corp now owns 285,579 shares of the credit services provider’s stock worth $17,537,000 after purchasing an additional 164,608 shares during the last quarter. Cullen Investment Group LTD. bought a new stake in PayPal in the fourth quarter worth about $525,000. Finally, Waldron Private Wealth LLC lifted its stake in PayPal by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The stock was 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 of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Up 0.3 %

Shares of PYPL stock opened at $62.31 on Friday. The stock’s 50-day simple moving average is $62.34 and its 200-day simple moving average is $59.93. 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 firm has a market capitalization of $65.59 billion, a PE ratio of 16.23, a P/E/G ratio of 1.41 and a beta of 1.45. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. Equities analysts expect that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Daiwa Capital Markets downgraded shares of PayPal from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Company 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.