Aristides Capital LLC Has $5.73 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aristides Capital LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 67,150 shares of the credit services provider’s stock after acquiring an additional 7,250 shares during the period. PayPal accounts for 1.2% of Aristides Capital LLC’s portfolio, making the stock its 15th largest position. Aristides Capital LLC’s holdings in PayPal were worth $5,731,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. Hurley Capital LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC raised its position in shares of 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. Finally, Legacy Investment Solutions LLC bought a new position in PayPal during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Trading Down 5.4 %

NASDAQ PYPL opened at $58.37 on Friday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $73.65 and a 200-day moving average of $80.58. The company has a market cap of $57.74 billion, a PE ratio of 14.56, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Arete Research set a $81.00 price target on PayPal in a research report on Thursday, March 27th. Finally, Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.13.

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.