Quadcap Wealth Management LLC Has $978,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quadcap Wealth Management LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 43.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,458 shares of the credit services provider's stock after selling 8,982 shares during the quarter. Quadcap Wealth Management LLC's holdings in PayPal were worth $978,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PYPL. Hurley Capital LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $27,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% during the 4th 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 last quarter. Bernard Wealth Management Corp. acquired a new position in shares of PayPal during the 4th quarter worth approximately $37,000. Crowley Wealth Management Inc. acquired a new position in shares of PayPal during the 4th quarter worth approximately $39,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of PayPal during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 completion of the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

PayPal Price Performance

Shares of PYPL opened at $71.57 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The business has a 50-day simple moving average of $65.90 and a two-hundred day simple moving average of $77.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $69.60 billion, a PE ratio of 17.85, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. 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 firm earned $1.08 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group reduced their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets reduced their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Finally, Evercore ISI began coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.68.

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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