Litman Gregory Wealth Management LLC Has $10.17 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Litman Gregory Wealth Management LLC lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 165,603 shares of the credit services provider's stock after purchasing an additional 17,822 shares during the period. PayPal accounts for about 1.0% of Litman Gregory Wealth Management LLC's portfolio, making the stock its 24th largest position. Litman Gregory Wealth Management LLC's holdings in PayPal were worth $10,170,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Naples Money Management LLC bought a new stake in shares of PayPal during the fourth quarter worth $65,000. Tanager Wealth Management LLP bought a new position in PayPal in the fourth quarter valued at about $429,000. John G Ullman & Associates Inc. boosted its holdings in PayPal by 19.5% in the fourth quarter. John G Ullman & Associates Inc. now owns 39,285 shares of the credit services provider's stock valued at $2,412,000 after acquiring an additional 6,400 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in PayPal by 2.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 28,644 shares of the credit services provider's stock valued at $1,759,000 after acquiring an additional 668 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in PayPal by 4.7% in the fourth quarter. Institute for Wealth Management LLC. now owns 38,330 shares of the credit services provider's stock valued at $2,354,000 after acquiring an additional 1,722 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Price Performance

PYPL traded up $0.21 on Friday, reaching $62.31. The stock had a trading volume of 13,170,484 shares, compared to its average volume of 16,580,498. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The firm has a 50-day moving average of $62.34 and a 200-day moving average of $59.93. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $65.59 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PYPL. Wells Fargo & Company raised their target price on PayPal from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $74.00 target price on shares of PayPal in a report on Thursday, March 21st. Morgan Stanley restated an "equal weight" rating and set a $66.00 target price (down previously from $118.00) on shares of PayPal in a report on Tuesday, January 9th. William Blair restated an "outperform" rating on shares of PayPal in a report on Thursday, February 8th. Finally, Daiwa Capital Markets lowered PayPal from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, PayPal has a consensus rating of "Hold" and an average price target of $70.47.

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.

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