MSH Capital Advisors LLC Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

MSH Capital Advisors LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 18,960 shares of the credit services provider’s stock, valued at approximately $1,618,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC increased its stake in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock worth $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock valued at $22,622,000 after purchasing an additional 183,011 shares in the last quarter. StoneX Group Inc. lifted its holdings in PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after buying an additional 11,260 shares in the last quarter. Finally, Fortem Financial Group LLC boosted its position in PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after buying an additional 7,291 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PYPL opened at $62.00 on Wednesday. The firm has a market cap of $61.33 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The business’s 50 day moving average price is $69.21 and its two-hundred day moving average price is $79.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (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 company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company earned $1.48 EPS. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Arete Research set a $81.00 price objective on PayPal in a research report on Thursday, March 27th. Evercore ISI started coverage on shares of PayPal in a research note on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target for the company. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, Robert W. Baird dropped their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $87.03.

Insiders Place Their Bets

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