JT Stratford LLC Acquires 7,955 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

JT Stratford LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 42.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,871 shares of the credit services provider's stock after purchasing an additional 7,955 shares during the quarter. JT Stratford LLC's holdings in PayPal were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. J. Goldman & Co LP grew its stake in PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after purchasing an additional 27,812 shares during the period. Nikko Asset Management Americas Inc. grew its stake in PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after purchasing an additional 18,172 shares during the period. ExodusPoint Capital Management LP grew its stake in PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after purchasing an additional 183,011 shares during the period. StoneX Group Inc. grew its stake in PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after purchasing an additional 11,260 shares during the period. Finally, Ring Mountain Capital LLC bought a new position in PayPal in the 4th quarter valued at $581,000. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

PYPL has been the subject of several research reports. Evercore ISI initiated coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target for the company. Barclays cut their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Piper Sandler cut their price target on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. BMO Capital Markets cut their price target 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. Finally, DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Stock Performance

NASDAQ:PYPL opened at $71.65 on Thursday. The business's 50-day moving average price is $66.23 and its two-hundred day moving average price is $77.27. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a market cap of $69.68 billion, a P/E ratio of 17.87, a PEG ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The company 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%. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

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.

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