Sienna Gestion Purchases 103,901 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sienna Gestion lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,455.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 111,038 shares of the credit services provider’s stock after acquiring an additional 103,901 shares during the quarter. Sienna Gestion’s holdings in PayPal were worth $9,476,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Midwest Professional Planners LTD. raised its position in shares of PayPal by 48.4% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,143 shares of the credit services provider’s stock valued at $780,000 after purchasing an additional 2,980 shares during the period. Left Brain Wealth Management LLC purchased a new position in PayPal in the 4th quarter valued at approximately $283,000. Wellington Shields Capital Management LLC raised its holdings in PayPal by 9.8% during the 4th quarter. Wellington Shields Capital Management LLC now owns 11,220 shares of the credit services provider’s stock valued at $958,000 after acquiring an additional 1,000 shares during the period. Atala Financial Inc purchased a new stake in shares of PayPal during the fourth quarter worth $1,584,000. Finally, LBP AM SA bought a new position in shares of PayPal in the fourth quarter worth $775,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PYPL. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Robert W. Baird cut their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Stock Performance

Shares of PYPL opened at $66.91 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a 50-day simple moving average of $80.33 and a two-hundred day simple moving average of $80.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $66.19 billion, a PE ratio of 16.69, 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, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. On average, 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.