Naviter Wealth LLC Acquires Shares of 5,319 PayPal Holdings, Inc. (NASDAQ:PYPL)

Naviter Wealth LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,319 shares of the credit services provider’s stock, valued at approximately $454,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton increased its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp increased its stake in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of PayPal in the third quarter worth approximately $36,000. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average price target of $90.03.

PayPal Price Performance

PYPL stock opened at $70.48 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company’s fifty day moving average price is $81.75 and its 200-day moving average price is $81.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $69.72 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.