Lionshead Wealth Management LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Lionshead Wealth Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,111 shares of the credit services provider's stock, valued at approximately $351,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. J. Goldman & Co LP lifted its holdings in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after buying an additional 27,812 shares during the period. Kensico Capital Management Corp lifted its holdings in shares of PayPal by 9.7% in the 4th quarter. Kensico Capital Management Corp now owns 1,156,900 shares of the credit services provider's stock valued at $98,741,000 after buying an additional 101,900 shares during the period. Graham Capital Management L.P. lifted its holdings in shares of PayPal by 13.8% in the 4th quarter. Graham Capital Management L.P. now owns 71,354 shares of the credit services provider's stock valued at $6,090,000 after buying an additional 8,630 shares during the period. Focus Partners Wealth lifted its holdings in shares of PayPal by 241.1% in the 4th quarter. Focus Partners Wealth now owns 291,113 shares of the credit services provider's stock valued at $24,988,000 after buying an additional 205,762 shares during the period. Finally, Ellevest Inc. acquired a new position in shares of PayPal in the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PYPL shares. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Friday, February 28th. Keefe, Bruyette & Woods cut 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. UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Citigroup cut their price target on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada cut their price target on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $83.68.

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 stock was 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 of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

PayPal Stock Down 0.3%

Shares of NASDAQ PYPL opened at $70.26 on Monday. The stock has a market cap of $68.33 billion, a P/E ratio of 17.52, a PEG ratio of 1.27 and a beta of 1.51. 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 Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The business's fifty day simple moving average is $65.65 and its 200-day simple moving average is $77.67.

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

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