MML Investors Services LLC Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

MML Investors Services LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 50.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,419 shares of the credit services provider's stock after acquiring an additional 47,731 shares during the period. MML Investors Services LLC's holdings in PayPal were worth $12,070,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Park Place Capital Corp increased its holdings in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after acquiring an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Wynn Capital LLC increased its holdings in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after acquiring an additional 130 shares in the last quarter. Finally, Avalon Trust Co increased its holdings in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Compass Point began coverage on shares of PayPal in a report on Wednesday. They issued a "sell" rating and a $56.00 target price for the company. 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. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Finally, Monness Crespi & Hardt dropped their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two equities research 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's stock. According to MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus price target of $85.88.

PayPal Trading Up 0.9 %

PYPL stock traded up $0.57 during midday trading on Friday, reaching $65.34. The company's stock had a trading volume of 8,679,009 shares, compared to its average volume of 11,445,893. 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 stock has a fifty day simple moving average of $66.76 and a two-hundred day simple moving average of $78.58. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market capitalization of $64.64 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on 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 in the company, 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 filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

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.