Fidelis Capital Partners LLC Boosts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fidelis Capital Partners LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 103.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,234 shares of the credit services provider’s stock after purchasing an additional 5,703 shares during the period. Fidelis Capital Partners LLC’s holdings in PayPal were worth $753,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal in the fourth quarter valued at about $25,000. American National Bank purchased a new position in PayPal during the first quarter worth $27,000. Register Financial Advisors LLC acquired a new position in shares of PayPal in the first quarter worth $30,000. Private Wealth Management Group LLC purchased a new stake in shares of PayPal in the fourth quarter valued at $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of PayPal during the first quarter valued at $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock traded down $1.00 during mid-day trading on Monday, hitting $58.76. 4,067,561 shares of the company were exchanged, compared to its average volume of 14,827,247. The company has a market capitalization of $61.47 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The business has a fifty day moving average of $62.65 and a 200 day moving average of $62.34. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $7.70 billion for 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%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on PYPL shares. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Citigroup increased their price target on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JMP Securities lifted their price objective on PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Stephens upped their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 price target on shares of PayPal in a report on Monday, June 24th. Twenty research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.82.

Get Our Latest Stock Analysis on PayPal

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by insiders.

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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