Intellectus Partners LLC Has $3.66 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Intellectus Partners LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 59,617 shares of the credit services provider’s stock after purchasing an additional 3,563 shares during the period. PayPal makes up approximately 1.1% of Intellectus Partners LLC’s holdings, making the stock its 22nd largest position. Intellectus Partners LLC’s holdings in PayPal were worth $3,661,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PYPL. Handelsbanken Fonder AB raised its holdings in PayPal by 1.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 284,734 shares of the credit services provider’s stock valued at $16,646,000 after acquiring an additional 5,276 shares in the last quarter. Simplicity Solutions LLC raised its holdings in PayPal by 23.5% in the 3rd quarter. Simplicity Solutions LLC now owns 15,350 shares of the credit services provider’s stock valued at $897,000 after acquiring an additional 2,922 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in PayPal by 21.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,194 shares of the credit services provider’s stock valued at $245,000 after acquiring an additional 752 shares in the last quarter. Clarius Group LLC raised its holdings in PayPal by 11.8% in the 3rd quarter. Clarius Group LLC now owns 7,606 shares of the credit services provider’s stock valued at $445,000 after acquiring an additional 802 shares in the last quarter. Finally, Charles Schwab Trust Co acquired a new position in PayPal in the 3rd quarter valued at approximately $253,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Stock Up 2.9 %

PYPL stock traded up $1.86 during trading hours on Friday, reaching $65.96. 14,190,444 shares of the stock were exchanged, compared to its average volume of 9,031,016. The firm’s 50-day moving average is $62.87 and its 200-day moving average is $60.18. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.23 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. Mizuho lowered their price objective on PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Citigroup lowered their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Canaccord Genuity Group decreased their price target on PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Finally, Susquehanna increased their price target on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.47.

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.