Psagot Value Holdings Ltd. Israel Has $1.96 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Psagot Value Holdings Ltd. Israel boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 88.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,061 shares of the credit services provider's stock after acquiring an additional 14,568 shares during the quarter. PayPal accounts for 0.9% of Psagot Value Holdings Ltd. Israel's holdings, making the stock its 27th largest holding. Psagot Value Holdings Ltd. Israel's holdings in PayPal were worth $1,955,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal in the 4th quarter valued at $25,000. Sutton Wealth Advisors Inc. grew its position in PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. EdgeRock Capital LLC acquired a new position in PayPal during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in shares of PayPal in the fourth quarter worth about $37,000. Finally, Beacon Capital Management LLC boosted its stake in shares of PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider's stock valued at $36,000 after purchasing an additional 225 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 2.4 %

Shares of PayPal stock traded down $1.52 on Friday, hitting $62.93. The company had a trading volume of 8,745,768 shares, compared to its average volume of 13,310,842. The stock has a market capitalization of $65.83 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.13 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The stock has a 50 day moving average of $64.13 and a 200-day moving average of $60.88.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on PYPL shares. William Blair restated an "outperform" rating on shares of PayPal in a research report on Thursday, February 8th. BMO Capital Markets lifted their price target on PayPal from $64.00 to $65.00 and gave the company a "market perform" rating in a research note on Wednesday, May 1st. TD Cowen raised their price objective on shares of PayPal from $58.00 to $68.00 and gave the company a "hold" rating in a report on Wednesday, May 1st. UBS Group boosted their target price on shares of PayPal from $63.00 to $71.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Finally, DZ Bank lowered shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target on the stock. in a report on Friday, February 9th. Twenty-four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $72.73.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred 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 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 legal filing with the SEC, which is available through this link. 0.14% of the stock is 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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