12,855 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Minot DeBlois Advisors LLC

Minot DeBlois Advisors LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,855 shares of the credit services provider's stock, valued at approximately $1,097,000. PayPal accounts for approximately 1.0% of Minot DeBlois Advisors LLC's portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Hurley Capital LLC acquired a new position in PayPal in the 4th quarter worth $27,000. Bernard Wealth Management Corp. acquired a new position in PayPal during the fourth quarter worth $37,000. Crowley Wealth Management Inc. acquired a new position in PayPal during the fourth quarter valued at approximately $39,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of PayPal in the 4th quarter valued at about $41,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL traded down $1.11 during trading on Thursday, hitting $71.57. 8,010,989 shares of the company's stock traded hands, compared to its average volume of 11,249,519. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The stock has a market capitalization of $69.60 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.27 and a beta of 1.51. 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 business has a 50 day moving average of $65.83 and a 200-day moving average of $77.54.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PYPL. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Monness Crespi & Hardt cut their price target on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 price objective on shares of PayPal in a research report on Wednesday, April 30th. Finally, Macquarie decreased their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, PayPal has an average rating of "Moderate Buy" and an average target price of $83.68.

Insider Activity

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 transaction of $176,478.90. Following the transaction, the director now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

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.