WBI Investments LLC Takes $2.16 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

WBI Investments LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 25,331 shares of the credit services provider's stock, valued at approximately $2,162,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hurley Capital LLC bought a new position in PayPal in the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter valued at $37,000. Crowley Wealth Management Inc. purchased a new position in PayPal in the fourth quarter worth about $39,000. Bank of Jackson Hole Trust purchased a new stake in shares of PayPal during the 4th quarter valued at about $41,000. Finally, JFS Wealth Advisors LLC lifted its stake in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the period. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company's stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $72.18 on Monday. The stock has a market capitalization of $70.20 billion, a P/E ratio of 18.00, 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 firm has a 50 day moving average of $65.99 and a 200-day moving average of $77.38. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 return on equity of 23.67% and a net margin of 13.04%. 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 previous year, the company earned $1.08 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Piper Sandler lowered their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Bank of America cut their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.68.

PayPal 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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