Harbour Investments Inc. Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Harbour Investments Inc. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,906 shares of the credit services provider’s stock after purchasing an additional 773 shares during the quarter. Harbour Investments Inc.’s holdings in PayPal were worth $675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $36,000. Finally, Modus Advisors LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PYPL shares. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Piper Sandler lowered their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Stock Performance

NASDAQ:PYPL opened at $70.00 on Thursday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. 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 capitalization of $69.25 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business’s fifty day moving average price is $78.82 and its 200 day moving average price is $80.89.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 business had revenue of $8.37 billion for 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 for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 EPS. On average, sell-side analysts anticipate 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.