LRT Capital Management LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

LRT Capital Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,821 shares of the credit services provider’s stock, valued at approximately $411,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased 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 valued at $26,000 after purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new position in PayPal during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the fourth quarter worth approximately $37,000. Crowley Wealth Management Inc. bought a new stake in shares of PayPal in the 4th quarter worth approximately $39,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of PayPal in the 4th quarter valued at $41,000. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

PayPal Price Performance

PYPL opened at $70.26 on Monday. The firm has a market cap of $68.33 billion, a PE ratio of 17.52, a P/E/G ratio of 1.27 and a beta of 1.51. The stock has a 50-day moving average price of $65.65 and a 200-day moving average price of $77.67. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year 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.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on PYPL shares. UBS Group lowered their price target on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Seaport Res Ptn cut PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. Bank of America decreased their price target on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada dropped their price objective on PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average price target of $83.68.

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.