22,294 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Unified Investment Management

Unified Investment Management bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,294 shares of the credit services provider's stock, valued at approximately $1,903,000. PayPal makes up approximately 2.2% of Unified Investment Management's investment portfolio, making the stock its 10th largest holding.

Other large investors have also made changes to their positions in the company. Focus Financial Network Inc. raised its stake in shares of PayPal by 1.8% in the third quarter. Focus Financial Network Inc. now owns 12,132 shares of the credit services provider's stock valued at $947,000 after acquiring an additional 214 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in PayPal by 20.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,890 shares of the credit services provider's stock valued at $694,000 after purchasing an additional 1,485 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in PayPal by 7.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,798 shares of the credit services provider's stock valued at $388,000 after purchasing an additional 334 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in PayPal by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 189,842 shares of the credit services provider's stock worth $14,813,000 after purchasing an additional 840 shares in the last quarter. Finally, GFS Advisors LLC grew its holdings in shares of PayPal by 28,766.7% during the third quarter. GFS Advisors LLC now owns 5,196 shares of the credit services provider's stock worth $405,000 after purchasing an additional 5,178 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Stock Down 2.0 %

Shares of NASDAQ:PYPL traded down $1.42 during midday trading on Thursday, reaching $68.08. 11,207,050 shares of the company were exchanged, compared to its average volume of 12,236,669. The firm has a market cap of $67.35 billion, a PE ratio of 16.98, a P/E/G ratio of 1.27 and a beta of 1.52. The stock has a fifty day simple moving average of $82.48 and a two-hundred day simple moving average of $81.09. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. 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 (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 analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during 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%. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their price target on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Susquehanna upped their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

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.