Naples Money Management LLC Acquires New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Naples Money Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,065 shares of the credit services provider’s stock, valued at approximately $65,000.

Other hedge funds have also recently bought and sold shares of the company. VitalStone Financial LLC increased its stake in PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock valued at $75,000 after purchasing an additional 316 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in PayPal by 146.5% during the 2nd quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock valued at $73,000 after buying an additional 227 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new stake in PayPal during the 2nd quarter valued at $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the 4th quarter valued at $25,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in PayPal during the 4th quarter valued at $29,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale 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.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Monness Crespi & Hardt lowered their target price on PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Wells Fargo & Company increased their target price on PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Mizuho decreased their price objective on PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a report on Friday, February 9th. Finally, UBS Group raised their price objective on PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.47.

PayPal Stock Up 0.3 %

PayPal stock traded up $0.21 during midday trading on Friday, hitting $62.31. The stock had a trading volume of 13,170,484 shares, compared to its average volume of 16,580,498. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market cap of $65.59 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The business has a fifty day moving average price of $62.27 and a 200 day moving average price of $59.90.

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 firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

PayPal 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.