12,786 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Napa Wealth Management

Napa Wealth Management bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,786 shares of the credit services provider's stock, valued at approximately $1,091,000.

Other institutional investors also recently bought and sold shares of the company. LRT Capital Management LLC purchased a new position in PayPal in the fourth quarter valued at $411,000. Lionshead Wealth Management LLC acquired a new stake in shares of PayPal during the 4th quarter valued at about $351,000. J. Goldman & Co LP grew its position in shares of PayPal by 11.9% during 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 acquiring an additional 27,812 shares during the period. Kensico Capital Management Corp increased its stake 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 purchasing an additional 101,900 shares in the last quarter. Finally, Graham Capital Management L.P. raised its holdings in 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 worth $6,090,000 after purchasing an additional 8,630 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research analyst reports. Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America lowered their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley boosted their price objective on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Evercore ISI initiated coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.68.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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. The trade was a 7.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company's stock.

PayPal Stock Performance

PYPL stock traded down $1.11 during midday trading on Thursday, reaching $71.57. 8,010,989 shares of the company were exchanged, compared to its average volume of 11,248,316. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a market capitalization of $69.60 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The business has a 50-day moving average price of $65.83 and a two-hundred day moving average price of $77.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (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 during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.