Forum Financial Management LP Has $1.24 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Forum Financial Management LP raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 154.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,512 shares of the credit services provider's stock after buying an additional 8,813 shares during the period. Forum Financial Management LP's holdings in PayPal were worth $1,239,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PYPL. Anchor Investment Management LLC raised its stake in shares of PayPal by 9.9% in the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock valued at $2,748,000 after purchasing an additional 3,175 shares in the last quarter. Boyar Asset Management Inc. bought a new stake in PayPal in the third quarter valued at about $208,000. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter valued at approximately $5,296,000. Sfmg LLC bought a new position in PayPal during the 3rd quarter worth approximately $234,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of PayPal by 196.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock worth $798,000 after acquiring an additional 6,772 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research reports. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Finally, Monness Crespi & Hardt decreased their target price on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.88.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction on Thursday, February 27th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $1.47 during mid-day trading on Wednesday, reaching $62.89. The company had a trading volume of 5,361,268 shares, compared to its average volume of 11,435,205. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The stock has a market cap of $62.21 billion, a PE ratio of 15.68, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $67.60 and a two-hundred day moving average price of $78.94.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share 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.