South Plains Financial Inc. Takes $416,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

South Plains Financial Inc. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,874 shares of the credit services provider's stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Park Place Capital Corp grew its position in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC increased its holdings in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Avalon Trust Co raised its stake in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after acquiring an additional 135 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 2.8 %

NASDAQ PYPL traded up $1.83 during trading hours on Friday, reaching $67.24. The company's stock had a trading volume of 10,076,664 shares, compared to its average volume of 11,275,764. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a market cap of $65.72 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.27 and a beta of 1.60. The firm has a fifty day simple moving average of $65.75 and a 200-day simple moving average of $78.11.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PYPL has been the topic of several research analyst reports. Macquarie dropped their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday. Monness Crespi & Hardt decreased their target price on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI started coverage on PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective on the stock. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price for the company. Finally, StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.77.

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.