Wealth Enhancement Advisory Services LLC Acquires 45,670 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Wealth Enhancement Advisory Services LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 62.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,207 shares of the credit services provider's stock after buying an additional 45,670 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in PayPal were worth $10,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. JFS Wealth Advisors LLC grew its stake in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after buying an additional 125 shares in the last quarter. Avalon Trust Co grew its position in shares of PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 135 shares in the last quarter. Security National Bank of SO Dak grew its position in shares of PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after purchasing an additional 137 shares in the last quarter. Stegent Equity Advisors Inc. raised its stake in shares of PayPal by 3.2% during the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock valued at $388,000 after purchasing an additional 142 shares during the period. Finally, Cohen & Steers Inc. lifted its holdings in PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on PYPL shares. Wells Fargo & Company cut their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays cut their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. BMO Capital Markets cut their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target for the company. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $83.29.

PayPal Trading Up 0.9%

PYPL stock traded up $0.65 during midday trading on Monday, hitting $70.93. The company had a trading volume of 7,493,980 shares, compared to its average volume of 11,182,831. The stock has a market cap of $68.98 billion, a price-to-earnings ratio of 17.69, a PEG 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 company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's 50 day moving average price is $66.32 and its 200 day moving average price is $76.57.

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