Nicolet Bankshares Inc. Has $641,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nicolet Bankshares Inc. boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,509 shares of the credit services provider’s stock after purchasing an additional 1,183 shares during the quarter. Nicolet Bankshares Inc.’s holdings in PayPal were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in 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 period. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC grew 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 valued at $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC bought a new position in PayPal during the fourth quarter worth about $37,000. Finally, Bernard Wealth Management Corp. acquired a new stake in PayPal in the 4th quarter worth about $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

PayPal Price Performance

PYPL stock opened at $62.59 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $69.88 and its 200 day simple moving average is $79.77. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market cap of $61.92 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for 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 revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Arete Research set a $81.00 target price on PayPal in a research report on Thursday, March 27th. Evercore ISI began coverage on shares of PayPal in a research report on Wednesday. They set an “in-line” rating and a $65.00 price objective for the company. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Finally, Robert W. Baird reduced their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $88.32.

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.