J. W. Coons Advisors LLC Raises Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

J. W. Coons Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,423 shares of the credit services provider’s stock after buying an additional 400 shares during the period. J. W. Coons Advisors LLC’s holdings in PayPal were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PYPL. Gamco Investors INC. ET AL boosted its holdings in PayPal by 1.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 13,304 shares of the credit services provider’s stock worth $778,000 after buying an additional 193 shares during the period. Beverly Hills Private Wealth LLC purchased a new stake in shares of PayPal during the third quarter worth about $215,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in PayPal during the 3rd quarter valued at approximately $67,000. Choreo LLC lifted its holdings in PayPal by 13.9% in the 3rd quarter. Choreo LLC now owns 5,753 shares of the credit services provider’s stock worth $336,000 after purchasing an additional 703 shares in the last quarter. Finally, Wealth Alliance boosted its stake in PayPal by 7.7% in the 3rd quarter. Wealth Alliance now owns 10,377 shares of the credit services provider’s stock worth $607,000 after purchasing an additional 738 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Trading Up 0.4 %

NASDAQ:PYPL opened at $67.30 on Friday. The firm has a 50-day simple moving average of $64.36 and a 200-day simple moving average of $62.16. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The firm has a market cap of $70.40 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on PYPL. Royal Bank of Canada boosted their target price on shares of PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company increased their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. UBS Group lifted their target price on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. TD Cowen increased their price target on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Finally, New Street Research started coverage on PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price objective on the stock. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.59.

View Our Latest Analysis on PYPL

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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