Demars Financial Group LLC Buys 535,726 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Demars Financial Group LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7,920.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 542,490 shares of the credit services provider’s stock after acquiring an additional 535,726 shares during the period. Demars Financial Group LLC owned approximately 0.05% of PayPal worth $46,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC acquired a new stake in shares of PayPal during the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Modus Advisors LLC acquired a new position in shares of PayPal in the fourth quarter valued at about $37,000. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Susquehanna lifted their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research report on Monday. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.84.

PayPal Stock Down 2.8 %

NASDAQ:PYPL opened at $60.24 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm’s 50 day simple moving average is $68.87 and its 200 day simple moving average is $79.40. The company has a market cap of $59.59 billion, a PE ratio of 15.02, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

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.