Choate Investment Advisors Buys 569 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Choate Investment Advisors boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,169 shares of the credit services provider’s stock after buying an additional 569 shares during the period. Choate Investment Advisors’ holdings in PayPal were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. FMR LLC increased its holdings in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal in the 3rd quarter worth $387,435,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of PayPal in the 4th quarter worth $135,537,000. Finally, Primecap Management Co. CA increased its holdings in shares of PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at $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 at this link. 0.14% of the stock is owned by corporate insiders.

PayPal Price Performance

Shares of PayPal stock opened at $69.65 on Tuesday. The stock has a 50 day moving average of $79.56 and a 200 day moving average of $80.99. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The firm has a market cap of $68.90 billion, a PE ratio of 17.37, a PEG ratio of 1.27 and a beta of 1.52. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of a number of research analyst reports. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Piper Sandler reduced their price objective on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Macquarie upped their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

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.