Pineridge Advisors LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Pineridge Advisors LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 600 shares of the credit services provider’s stock, valued at approximately $37,000.

Several other institutional investors also recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal in the 4th quarter valued at $25,000. Private Wealth Management Group LLC purchased a new position in PayPal in the fourth quarter valued at about $29,000. Beacon Capital Management LLC raised its holdings in PayPal by 58.6% in 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 in the last quarter. EdgeRock Capital LLC purchased a new stake in shares of PayPal during the fourth quarter valued at about $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $0.91 during trading on Friday, reaching $60.64. The stock had a trading volume of 10,366,037 shares, compared to its average volume of 10,765,228. The business has a fifty day moving average price of $64.22 and a 200-day moving average price of $62.39. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $63.43 billion, a PE ratio of 15.27, a PEG ratio of 0.99 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Wells Fargo & Company increased their price objective on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Mizuho upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $90.00 in a research note on Thursday, May 30th. BMO Capital Markets increased their price target on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Finally, UBS Group boosted their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Twenty-one research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus target price of $73.82.

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.