Vance Wealth LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vance Wealth LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,704 shares of the credit services provider’s stock after buying an additional 637 shares during the quarter. Vance Wealth LLC’s holdings in PayPal were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in PayPal by 135.5% in the fourth quarter. Ritholtz Wealth Management now owns 11,126 shares of the credit services provider’s stock valued at $950,000 after buying an additional 6,402 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of PayPal by 8.5% during the fourth quarter. HB Wealth Management LLC now owns 18,116 shares of the credit services provider’s stock worth $1,546,000 after purchasing an additional 1,418 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new position in shares of PayPal during the fourth quarter worth about $232,000. Aaron Wealth Advisors LLC grew its holdings in shares of PayPal by 10.7% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,216 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 506 shares during the last quarter. Finally, Clarius Group LLC grew its stake in PayPal by 15.7% during the 4th quarter. Clarius Group LLC now owns 5,035 shares of the credit services provider’s stock worth $430,000 after buying an additional 684 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

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

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. Bank of America lowered their price target on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Citigroup decreased their target price on shares of PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.68.

PayPal Stock Up 0.2%

PayPal stock opened at $72.32 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $70.33 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.27 and a beta of 1.51. The firm has a fifty day moving average price of $66.06 and a two-hundred day moving average price of $77.34.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share 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.