White Knight Strategic Wealth Advisors LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

White Knight Strategic Wealth Advisors LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 69.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,810 shares of the credit services provider's stock after purchasing an additional 5,660 shares during the quarter. White Knight Strategic Wealth Advisors LLC's holdings in PayPal were worth $1,179,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp boosted its holdings in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after buying an additional 116 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after acquiring an additional 125 shares during the period. Avalon Trust Co grew its holdings in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares during the period. Security National Bank of SO Dak increased its stake in 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. Finally, Stegent Equity Advisors Inc. raised its holdings in shares of PayPal by 3.2% during the fourth 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. Institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PYPL. BMO Capital Markets reduced their target price 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. Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, April 30th. 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. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.68.

Insiders Place Their Bets

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 value 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 trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company's stock.

PayPal Trading Down 0.3%

NASDAQ:PYPL traded down $0.20 during trading hours on Thursday, reaching $71.45. The company's stock had a trading volume of 6,445,485 shares, compared to its average volume of 11,230,501. 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 capitalization of $69.49 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.27 and a beta of 1.51. The firm has a 50-day simple moving average of $66.23 and a 200-day simple moving average of $77.27. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.