Easterly Investment Partners LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Easterly Investment Partners LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,500 shares of the credit services provider’s stock, valued at approximately $213,000.

Several other institutional investors have also recently made changes to their positions in PYPL. United Bank lifted its stake in shares of PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after acquiring an additional 794 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of PayPal by 23.1% during the third quarter. Townsquare Capital LLC now owns 41,561 shares of the credit services provider’s stock worth $3,243,000 after purchasing an additional 7,812 shares during the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of PayPal during the third quarter valued at $359,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of PayPal by 5.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 321,643 shares of the credit services provider’s stock worth $25,098,000 after purchasing an additional 16,510 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in PayPal during the 3rd quarter valued at about $582,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

Shares of PYPL opened at $68.86 on Friday. The company has a market capitalization of $68.12 billion, a price-to-earnings ratio of 17.17, a PEG 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. The stock’s 50-day moving average price is $76.81 and its 200-day moving average price is $80.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS 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 for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated 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 owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PYPL shares. Robert W. Baird lowered their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.