Addison Capital Co Has $3.11 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Addison Capital Co trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,432 shares of the credit services provider’s stock after selling 183 shares during the period. PayPal accounts for approximately 1.2% of Addison Capital Co’s holdings, making the stock its 25th largest holding. Addison Capital Co’s holdings in PayPal were worth $3,109,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its holdings in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. increased its position in 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 valued at $361,316,000 after acquiring an additional 2,689,162 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of PayPal in the fourth quarter worth about $135,537,000. Finally, Primecap Management Co. CA lifted its position in shares of PayPal by 21.6% during the third 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 business’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 sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PYPL shares. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Fourteen equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Stock Performance

Shares of PayPal stock opened at $68.95 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $68.21 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock’s 50-day moving average is $79.96 and its 200-day moving average is $81.02.

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

PayPal 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.