Mariner LLC Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mariner LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 284,977 shares of the credit services provider’s stock after buying an additional 13,535 shares during the quarter. Mariner LLC’s holdings in PayPal were worth $24,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC bought a new position in PayPal in the 4th quarter valued at approximately $27,000. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of PayPal in the 4th quarter worth $37,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the fourth quarter worth $37,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PYPL shares. Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, March 31st. Robert W. Baird reduced their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Barclays cut their target price on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price target on PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.84.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Trading Down 2.8 %

Shares of PayPal stock opened at $60.24 on Thursday. The firm has a market cap of $59.59 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.27 and a beta of 1.60. The business has a 50-day moving average price of $68.87 and a 200-day moving average price of $79.40. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm earned $1.48 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS 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.