NorthRock Partners LLC Buys 5,911 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

NorthRock Partners LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 139.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,148 shares of the credit services provider's stock after purchasing an additional 5,911 shares during the period. NorthRock Partners LLC's holdings in PayPal were worth $866,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in PayPal during the 4th quarter valued at about $1,097,000. Napa Wealth Management bought a new stake in shares of PayPal during the fourth quarter worth approximately $1,091,000. LRT Capital Management LLC acquired a new position in PayPal in the fourth quarter valued at approximately $411,000. Lionshead Wealth Management LLC bought a new position in PayPal in the fourth quarter valued at approximately $351,000. Finally, J. Goldman & Co LP boosted its stake in PayPal by 11.9% in the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after acquiring an additional 27,812 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of PYPL opened at $71.57 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a market capitalization of $69.60 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a 50 day moving average of $65.90 and a 200-day moving average of $77.45.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Macquarie dropped their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. Compass Point began coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Finally, Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

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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