PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 74.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,657 shares of the credit services provider’s stock after purchasing an additional 3,275 shares during the period. HUB Investment Partners LLC’s holdings in PayPal were worth $654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. United Bank boosted its stake in shares of PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of PayPal by 0.8% in the third quarter. Pathstone Holdings LLC now owns 100,855 shares of the credit services provider’s stock worth $7,870,000 after acquiring an additional 767 shares during the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of PayPal by 308.0% during the third quarter. Landscape Capital Management L.L.C. now owns 17,880 shares of the credit services provider’s stock valued at $1,395,000 after acquiring an additional 13,498 shares during the last quarter. First County Bank CT increased its position in PayPal by 14.2% during the 3rd quarter. First County Bank CT now owns 7,951 shares of the credit services provider’s stock worth $620,000 after purchasing an additional 990 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in PayPal by 24.4% in the 3rd quarter. AlphaCore Capital LLC now owns 5,309 shares of the credit services provider’s stock valued at $414,000 after purchasing an additional 1,042 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and increased their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Price Performance

Shares of PYPL stock opened at $70.19 on Friday. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a market capitalization of $69.43 billion, a PE ratio of 17.50, a price-to-earnings-growth 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. The firm has a fifty day simple moving average of $78.19 and a 200-day simple moving average of $80.80.

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

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

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.