Lindbrook Capital LLC Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Lindbrook Capital LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,106 shares of the credit services provider’s stock after purchasing an additional 1,438 shares during the period. Lindbrook Capital LLC’s holdings in PayPal were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PYPL. Grandfield & Dodd LLC boosted its stake in PayPal by 8.3% during the 4th quarter. Grandfield & Dodd LLC now owns 364,295 shares of the credit services provider’s stock valued at $22,371,000 after acquiring an additional 27,837 shares during the last quarter. abrdn plc increased its holdings in PayPal by 19.8% in the fourth quarter. abrdn plc now owns 779,260 shares of the credit services provider’s stock valued at $47,854,000 after buying an additional 128,746 shares during the last quarter. WP Advisors LLC raised its stake in PayPal by 25.3% during the fourth quarter. WP Advisors LLC now owns 63,970 shares of the credit services provider’s stock valued at $3,928,000 after buying an additional 12,901 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in PayPal by 5.3% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 241,935 shares of the credit services provider’s stock worth $14,857,000 after buying an additional 12,164 shares during the last quarter. Finally, Litman Gregory Wealth Management LLC grew its position in shares of PayPal by 12.1% in the 4th quarter. Litman Gregory Wealth Management LLC now owns 165,603 shares of the credit services provider’s stock worth $10,170,000 after acquiring an additional 17,822 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Canaccord Genuity Group dropped their target price on PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. BMO Capital Markets cut their price objective on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of PayPal in a research note on Thursday, March 21st. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $63.19 on Tuesday. The firm has a market capitalization of $66.52 billion, a PE ratio of 16.46, a PEG ratio of 1.38 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The business’s 50 day moving average is $62.40 and its 200-day moving average is $60.00.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.04 earnings per share for the current year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

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.