PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 69.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,810 shares of the credit services provider’s stock after acquiring an additional 5,660 shares during the quarter. White Knight Strategic Wealth Advisors LLC’s holdings in PayPal were worth $1,179,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Park Place Capital Corp grew its holdings in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares during the period. Avalon Trust Co increased its position in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 135 shares during the last quarter. Security National Bank of SO Dak increased its position in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock worth $1,041,000 after purchasing an additional 137 shares during the last quarter. Finally, Stegent Equity Advisors Inc. raised its stake in PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider’s stock worth $388,000 after purchasing an additional 142 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PayPal stock opened at $72.32 on Tuesday. 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 Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm’s 50 day moving average is $66.06 and its two-hundred day moving average is $77.34. The firm has a market capitalization of $70.33 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the firm posted $1.08 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PYPL shares. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup reduced their target price on PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Royal Bank of Canada decreased their price target on PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Monness Crespi & Hardt cut their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.68.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.