Focus Partners Wealth Acquires 205,762 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Partners Wealth lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 241.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,113 shares of the credit services provider's stock after buying an additional 205,762 shares during the quarter. Focus Partners Wealth's holdings in PayPal were worth $24,988,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Ellevest Inc. acquired a new stake in PayPal in the fourth quarter worth $231,000. Ethic Inc. lifted its stake in shares of PayPal by 11.5% in the fourth quarter. Ethic Inc. now owns 84,463 shares of the credit services provider's stock valued at $7,209,000 after buying an additional 8,738 shares in the last quarter. Fiduciary Trust Co lifted its stake in shares of PayPal by 6.5% in the fourth quarter. Fiduciary Trust Co now owns 11,447 shares of the credit services provider's stock valued at $977,000 after buying an additional 703 shares in the last quarter. First Manhattan CO. LLC. lifted its stake in shares of PayPal by 5.0% in the fourth quarter. First Manhattan CO. LLC. now owns 40,710 shares of the credit services provider's stock valued at $3,475,000 after buying an additional 1,943 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in shares of PayPal by 65.7% in the fourth quarter. Fred Alger Management LLC now owns 223,705 shares of the credit services provider's stock valued at $19,093,000 after buying an additional 88,694 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 2.9%

Shares of PayPal stock traded up $2.05 during trading on Monday, reaching $72.31. 12,507,695 shares of the stock were exchanged, compared to its average volume of 11,257,118. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average is $65.71 and its 200 day moving average is $77.61. The firm has a market cap of $70.32 billion, a price-to-earnings ratio of 18.03, 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.

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 for the quarter, topping 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 net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $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.

Insider Transactions at PayPal

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PYPL shares. Macquarie dropped their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company cut their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets lowered their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley boosted their target price on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Two 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 company. According to MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus price target 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.