Cwm LLC Boosts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cwm LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,406 shares of the credit services provider’s stock after buying an additional 45,524 shares during the period. Cwm LLC’s holdings in PayPal were worth $6,719,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the fourth quarter worth about $25,000. Sutton Wealth Advisors Inc. boosted its holdings in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of PayPal during the third quarter worth about $33,000. Beacon Capital Management LLC boosted its holdings in shares of PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 225 shares during the period. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $37,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of analyst reports. Stephens reiterated an “equal weight” rating and set a $70.00 target price on shares of PayPal in a report on Thursday, February 8th. Canaccord Genuity Group lowered their price objective on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Sanford C. Bernstein raised their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Finally, Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Stock Up 1.4 %

NASDAQ PYPL opened at $63.19 on Tuesday. The stock’s 50 day moving average is $62.40 and its 200 day moving average is $60.00. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The stock has a market cap of $66.52 billion, a PE ratio of 16.46, a P/E/G ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $1.01 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Research analysts predict that PayPal Holdings, Inc. will post 4.04 EPS for the current fiscal 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.