PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,060 shares of the credit services provider's stock after acquiring an additional 20,934 shares during the period. Beacon Pointe Advisors LLC's holdings in PayPal were worth $16,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Park Place Capital Corp grew its holdings in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC grew its holdings in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC increased its position in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after buying an additional 130 shares in the last quarter. Finally, Avalon Trust Co raised its stake in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company's stock.

PayPal Price Performance

PYPL opened at $64.93 on Tuesday. 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 52-week low of $55.85 and a 52-week high of $93.66. The company has a 50 day moving average of $66.49 and a two-hundred day moving average of $78.47. The company has a market cap of $63.46 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on PYPL. Wells Fargo & Company dropped their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Friday, February 28th. Bank of America cut their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. StockNews.com cut shares of PayPal from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Macquarie lifted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $85.88.

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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