Heck Capital Advisors LLC Purchases New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heck Capital Advisors LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,657 shares of the credit services provider's stock, valued at approximately $397,000.

A number of other hedge funds have also modified their holdings of the business. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new position in PayPal during the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. acquired a new position in shares of PayPal during the fourth quarter worth $35,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the fourth quarter valued at $37,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of PayPal in the fourth quarter valued at $38,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's 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 sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Robert W. Baird boosted their price objective on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.68.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $1.63 during midday trading on Tuesday, hitting $71.48. 8,765,093 shares of the company's stock traded hands, compared to its average volume of 11,221,479. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market capitalization of $69.52 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. 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 firm has a fifty day moving average of $66.28 and a 200 day moving average of $77.01.

PayPal (NASDAQ:PYPL - Get Free Report) last released its 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 net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the firm posted $1.08 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.