Greenwich Wealth Management LLC Purchases 13,566 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenwich Wealth Management LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,060 shares of the credit services provider's stock after purchasing an additional 13,566 shares during the quarter. Greenwich Wealth Management LLC's holdings in PayPal were worth $4,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Moneta Group Investment Advisors LLC grew its stake in PayPal by 110,462.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider's stock valued at $1,220,431,000 after buying an additional 17,120,572 shares during the last quarter. Norges Bank acquired a new position in PayPal in the 4th quarter valued at about $1,022,333,000. Clearbridge Investments LLC grew its stake in PayPal by 122.0% in the 1st quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider's stock valued at $720,555,000 after buying an additional 3,424,122 shares during the last quarter. Nuveen Asset Management LLC grew its stake in PayPal by 36.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider's stock valued at $718,755,000 after buying an additional 2,862,766 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider's stock valued at $190,371,000 after buying an additional 2,616,774 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were 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 $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

PYPL has been the topic of a number of analyst reports. William Blair restated an "outperform" rating on shares of PayPal in a research report on Thursday, February 8th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Friday, January 5th. Daiwa Capital Markets lowered shares of PayPal from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Monness Crespi & Hardt decreased their target price on shares of PayPal from $95.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 8th. Finally, Stephens restated an "equal weight" rating and set a $70.00 target price on shares of PayPal in a research report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $70.47.

PayPal Trading Up 0.3 %

Shares of PYPL stock traded up $0.21 during trading hours on Friday, hitting $62.31. 13,177,880 shares of the company's stock traded hands, compared to its average volume of 9,214,834. The stock's 50 day simple moving average is $62.34 and its 200 day simple moving average is $59.96. The stock has a market cap of $65.59 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.04 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.

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