MML Investors Services LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

MML Investors Services LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 50.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 141,419 shares of the credit services provider’s stock after purchasing an additional 47,731 shares during the period. MML Investors Services LLC’s holdings in PayPal were worth $12,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PYPL. Rosenberg Matthew Hamilton boosted its holdings in 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 buying an additional 125 shares during the period. Hurley Capital LLC purchased a new position in shares of PayPal in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% in the fourth 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. Modus Advisors LLC bought a new position in shares of PayPal in the fourth quarter worth about $37,000. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the 4th quarter valued at approximately $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 1.9 %

Shares of PayPal stock opened at $61.42 on Wednesday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm’s 50 day simple moving average is $67.60 and its two-hundred day simple moving average is $78.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $60.76 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.27 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler dropped their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Arete Research set a $81.00 price target on shares of PayPal in a report on Thursday, March 27th. Robert W. Baird dropped their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.84.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

About PayPal

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.