Physician Wealth Advisors Inc. Invests $122,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Physician Wealth Advisors Inc. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,433 shares of the credit services provider’s stock, valued at approximately $122,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter valued at $26,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of PayPal during the third quarter worth about $36,000. Finally, Modus Advisors LLC purchased a new position in shares of PayPal in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $65.15 on Monday. The firm has a 50-day simple moving average of $76.28 and a 200-day simple moving average of $80.90. 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 company has a market capitalization of $64.45 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (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 business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The shares were 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 of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PYPL shares. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Macquarie increased their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Arete Research cut PayPal from a “strong-buy” rating to a “hold” rating in a research note on Thursday. DZ Bank upgraded 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, Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.