Waverly Advisors LLC Has $2.57 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Waverly Advisors LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 34.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,105 shares of the credit services provider's stock after acquiring an additional 7,690 shares during the quarter. Waverly Advisors LLC's holdings in PayPal were worth $2,569,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PYPL. Norges Bank bought a new stake in PayPal during the fourth quarter valued at $1,086,508,000. Capital Research Global Investors boosted its position in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after acquiring an additional 5,772,198 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the last quarter. Finally, FMR LLC boosted its position in PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Trading Down 1.3%

NASDAQ:PYPL opened at $71.65 on Thursday. 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 market cap of $69.68 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a 50-day moving average price of $66.23 and a two-hundred day moving average price of $77.27.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 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 quarter last year, the business posted $1.08 EPS. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on PYPL shares. Barclays cut their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods cut their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Company Profile

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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