Kazazian Asset Management LLC Acquires New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Kazazian Asset Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,024 shares of the credit services provider’s stock, valued at approximately $1,026,000. PayPal makes up approximately 0.8% of Kazazian Asset Management LLC’s holdings, making the stock its 26th largest holding.

A number of other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in 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 purchasing an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the 3rd quarter worth about $26,000. Sugarloaf Wealth Management LLC increased its holdings in 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 purchasing an additional 272 shares in the last quarter. Modus Advisors LLC bought a new position in PayPal during the 4th quarter worth about $37,000. Finally, Legacy Investment Solutions LLC bought a new position in PayPal during the 3rd quarter worth about $36,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Finally, BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Down 1.1 %

Shares of PYPL opened at $68.88 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The firm’s 50 day moving average is $79.18 and its 200-day moving average is $80.97. The stock has a market capitalization of $68.14 billion, a PE ratio of 17.18, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.