Integrated Wealth Concepts LLC Purchases 4,340 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Integrated Wealth Concepts LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,181 shares of the credit services provider's stock after buying an additional 4,340 shares during the period. Integrated Wealth Concepts LLC's holdings in PayPal were worth $3,429,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC bought a new position in PayPal in the 4th quarter worth about $27,000. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $37,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. Barclays dropped their target price 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. Morgan Stanley lifted their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Monness Crespi & Hardt reduced their target price on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Finally, Evercore ISI initiated coverage on PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.09.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

PayPal Stock Down 2.4 %

Shares of NASDAQ PYPL traded down $1.58 during trading on Wednesday, reaching $64.74. The company had a trading volume of 3,367,115 shares, compared to its average volume of 11,427,989. The stock has a market cap of $63.28 billion, a PE ratio of 16.14, a P/E/G ratio of 1.27 and a beta of 1.60. The business's 50-day moving average is $66.27 and its 200 day moving average is $78.39. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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