Arete Wealth Advisors LLC Has $919,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arete Wealth Advisors LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 63.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,751 shares of the credit services provider’s stock after purchasing an additional 4,189 shares during the period. Arete Wealth Advisors LLC’s holdings in PayPal were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC lifted its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in PayPal during the 3rd quarter valued at approximately $36,000. Finally, Modus Advisors LLC acquired a new stake in PayPal in the 4th quarter valued at approximately $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $58.37 on Friday. The firm has a 50 day simple moving average of $73.65 and a 200 day simple moving average of $80.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. 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 cap of $57.74 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60.

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

About PayPal

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.