Greatmark Investment Partners Inc. Has $13.54 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greatmark Investment Partners Inc. lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,474 shares of the credit services provider's stock after buying an additional 26,884 shares during the quarter. PayPal makes up approximately 2.1% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 20th biggest holding. Greatmark Investment Partners Inc.'s holdings in PayPal were worth $13,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PayPal during the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. grew its holdings in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider's stock worth $26,000 after purchasing an additional 237 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of PayPal in the third quarter worth approximately $33,000. Beacon Capital Management LLC grew its holdings in shares of PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider's stock worth $36,000 after purchasing an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in PayPal in the fourth quarter worth $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the firm'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 value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BMO Capital Markets lowered their price objective on PayPal from $65.00 to $60.00 and set a "market perform" rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price target on PayPal from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. DZ Bank lowered PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target for the company. in a research report on Friday, February 9th. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Finally, StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a report on Friday, April 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of "Hold" and an average target price of $70.72.

PayPal Stock Performance

PayPal stock traded up $1.03 during mid-day trading on Monday, reaching $66.99. 19,053,518 shares of the company were exchanged, compared to its average volume of 16,257,481. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The firm's 50-day simple moving average is $62.87 and its two-hundred day simple moving average is $60.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $70.52 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.01 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal 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.