Heck Capital Advisors LLC Invests $397,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heck Capital Advisors LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,657 shares of the credit services provider's stock, valued at approximately $397,000.

A number of other institutional investors also recently bought and sold shares of the company. J. Goldman & Co LP lifted its position in shares of PayPal by 11.9% in the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after acquiring an additional 27,812 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after acquiring an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP lifted its position in shares of PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after acquiring an additional 183,011 shares in the last quarter. StoneX Group Inc. lifted its position in shares of PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after acquiring an additional 11,260 shares in the last quarter. Finally, Ring Mountain Capital LLC purchased a new stake in shares of PayPal in the fourth quarter valued at $581,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Arete Research set a $81.00 target price on PayPal in a research note on Thursday, March 27th. Citigroup dropped their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Finally, BMO Capital Markets dropped their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.68.

PayPal Stock Down 0.9%

PYPL traded down $0.65 on Thursday, reaching $70.79. The company's stock had a trading volume of 3,548,350 shares, compared to its average volume of 11,172,116. The stock has a market cap of $68.84 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year 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 business's 50 day moving average is $66.34 and its 200 day moving average is $76.93.

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