Seizert Capital Partners LLC Has $51.26 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Seizert Capital Partners LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 600,565 shares of the credit services provider’s stock after buying an additional 160,047 shares during the quarter. PayPal makes up about 2.3% of Seizert Capital Partners LLC’s portfolio, making the stock its 12th largest position. Seizert Capital Partners LLC’s holdings in PayPal were worth $51,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc grew its position in shares of PayPal by 4.4% during the 4th quarter. Atria Investments Inc now owns 112,763 shares of the credit services provider’s stock worth $9,624,000 after buying an additional 4,799 shares during the period. Assetmark Inc. grew its holdings in PayPal by 492.4% during the 4th quarter. Assetmark Inc. now owns 1,410 shares of the credit services provider’s stock worth $120,000 after acquiring an additional 1,172 shares during the period. Keybank National Association OH raised its position in shares of PayPal by 48.9% during the 4th quarter. Keybank National Association OH now owns 30,746 shares of the credit services provider’s stock valued at $2,624,000 after acquiring an additional 10,093 shares during the last quarter. Ring Mountain Capital LLC acquired a new position in shares of PayPal in the 4th quarter valued at $581,000. Finally, Exencial Wealth Advisors LLC boosted its position in shares of PayPal by 1.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 12,158 shares of the credit services provider’s stock worth $1,038,000 after purchasing an additional 152 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

PayPal Stock Performance

NASDAQ PYPL opened at $67.48 on Wednesday. The firm has a 50-day moving average of $82.85 and a 200-day moving average of $81.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $66.75 billion, a PE ratio of 16.83, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the firm posted $1.48 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on PYPL shares. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup restated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Morgan Stanley boosted their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

About PayPal

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.