PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 105.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,791 shares of the credit services provider’s stock after buying an additional 2,455 shares during the period. Accurate Wealth Management LLC’s holdings in PayPal were worth $373,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Woodline Partners LP bought a new stake in shares of PayPal in the 2nd quarter worth approximately $5,746,000. Guyasuta Investment Advisors Inc. bought a new stake in shares of PayPal in the 3rd quarter worth approximately $211,000. Legal & General Group Plc lifted its holdings in shares of PayPal by 2.2% in the 2nd quarter. Legal & General Group Plc now owns 7,916,740 shares of the credit services provider’s stock worth $552,905,000 after purchasing an additional 173,465 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of PayPal by 11.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 4,049 shares of the credit services provider’s stock worth $348,000 after purchasing an additional 414 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of PayPal by 102.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,468,655 shares of the credit services provider’s stock worth $126,405,000 after purchasing an additional 742,894 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on PYPL shares. StockNews.com started coverage on PayPal in a research note on Thursday. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their target price on PayPal from $95.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $160.00 target price on shares of PayPal in a research note on Friday, February 10th. Barclays boosted their price objective on PayPal from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, December 12th. Finally, Wells Fargo & Company boosted their price objective on PayPal from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, February 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $108.42.

Insider Activity

In related news, CEO Daniel H. Schulman acquired 26,065 shares of the stock in a transaction dated Friday, February 17th. The shares were bought at an average cost of $76.17 per share, for a total transaction of $1,985,371.05. Following the purchase, the chief executive officer now owns 395,351 shares in the company, valued at approximately $30,113,885.67. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

PayPal Trading Down 1.8 %

Shares of PYPL opened at $72.99 on Friday. PayPal Holdings, Inc. has a 12-month low of $66.39 and a 12-month high of $122.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $82.58 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.12 and a beta of 1.31. The stock’s 50-day moving average price is $77.66 and its 200 day moving average price is $80.89.

PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The credit services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. PayPal had a return on equity of 17.48% and a net margin of 8.79%. The company had revenue of $7.38 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 3.82 earnings per share for the current year.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.