OneAscent Financial Services LLC Buys 1,278 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

OneAscent Financial Services LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,557 shares of the credit services provider’s stock after buying an additional 1,278 shares during the quarter. OneAscent Financial Services LLC’s holdings in PayPal were worth $474,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. United Bank boosted its position in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of PayPal by 8,335.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider’s stock worth $2,172,000 after acquiring an additional 27,507 shares in the last quarter. Ascent Group LLC bought a new stake in PayPal during the 3rd quarter worth approximately $201,000. HighTower Advisors LLC increased its holdings in PayPal by 32.0% during the 3rd quarter. HighTower Advisors LLC now owns 481,312 shares of the credit services provider’s stock valued at $37,580,000 after purchasing an additional 116,600 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in PayPal by 8.0% in the 3rd quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider’s stock valued at $906,000 after purchasing an additional 864 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Down 8.1 %

PayPal stock opened at $61.71 on Friday. The company has a 50 day moving average of $74.26 and a 200-day moving average of $80.61. 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 $56.97 and a twelve month high of $93.66. The stock has a market capitalization of $61.05 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

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, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several research analyst reports. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Robert W. Baird dropped their target price 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 target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

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.