SRS Capital Advisors Inc. Has $431,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

SRS Capital Advisors Inc. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 201.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,046 shares of the credit services provider’s stock after purchasing an additional 3,372 shares during the quarter. SRS Capital Advisors Inc.’s holdings in PayPal were worth $431,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton increased 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 during the period. Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp increased its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in PayPal in the 3rd quarter valued at approximately $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s 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 sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of PYPL stock opened at $69.75 on Tuesday. The firm has a 50-day moving average of $83.27 and a 200-day moving average of $81.17. The company has a market cap of $69.00 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the company posted $1.48 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PYPL shares. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus 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.