111 Capital Buys New Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

111 Capital bought a new stake 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 Securities and Exchange Commission. The firm bought 34,164 shares of the credit services provider's stock, valued at approximately $2,916,000.

A number of other institutional investors have also recently made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. acquired a new position in shares of PayPal during the 4th quarter worth approximately $34,000. Pinney & Scofield Inc. acquired a new position in shares of PayPal during the 4th quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Down 1.3%

PYPL stock traded down $0.89 during midday trading on Friday, hitting $70.04. 14,934,033 shares of the company's stock were exchanged, compared to its average volume of 11,210,101. 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 stock's fifty day moving average price is $66.32 and its 200-day moving average price is $76.71. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a market cap of $68.12 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on PYPL shares. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Robert W. Baird boosted their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley boosted their target price on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Bank of America lowered their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

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.