Matrix Asset Advisors Inc. NY Buys 45,811 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Matrix Asset Advisors Inc. NY lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,519 shares of the credit services provider's stock after acquiring an additional 45,811 shares during the quarter. PayPal makes up 1.5% of Matrix Asset Advisors Inc. NY's holdings, making the stock its 29th biggest holding. Matrix Asset Advisors Inc. NY's holdings in PayPal were worth $12,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Bartlett & Co. LLC increased its holdings in PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider's stock worth $594,000 after purchasing an additional 740 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider's stock worth $1,183,000 after purchasing an additional 942 shares in the last quarter. Bellecapital International Ltd. increased its holdings in PayPal by 2.0% in the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider's stock worth $1,332,000 after purchasing an additional 433 shares in the last quarter. First Hawaiian Bank increased its holdings in PayPal by 8.6% in the fourth quarter. First Hawaiian Bank now owns 6,936 shares of the credit services provider's stock worth $426,000 after purchasing an additional 552 shares in the last quarter. Finally, Litman Gregory Wealth Management LLC bought a new stake in PayPal in the third quarter worth approximately $8,639,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. Stephens reiterated an "equal weight" rating and issued a $70.00 target price on shares of PayPal in a report on Thursday, February 8th. JMP Securities reaffirmed a "market outperform" rating and set a $68.00 target price on shares of PayPal in a research report on Thursday, February 8th. Susquehanna lifted their price target on PayPal from $61.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. Argus lowered PayPal from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, Mizuho lowered their target price on PayPal from $65.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, PayPal currently has an average rating of "Hold" and an average price target of $70.47.

PayPal Trading Up 0.9 %

PYPL stock traded up $0.61 during trading on Friday, hitting $65.15. 8,058,297 shares of the company traded hands, compared to its average volume of 17,645,719. The firm has a market capitalization of $69.82 billion, a PE ratio of 16.91, a P/E/G ratio of 1.48 and a beta of 1.45. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $77.95. The company has a 50-day moving average of $61.73 and a 200-day moving average of $59.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Analysts predict that PayPal Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal 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.

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