PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by ORG Partners LLC

ORG Partners LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,611 shares of the credit services provider’s stock after acquiring an additional 1,038 shares during the quarter. ORG Partners LLC’s holdings in PayPal were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its position in PayPal by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock valued at $144,215,000 after buying an additional 138,875 shares during the period. Dakota Wealth Management grew its position in PayPal by 8.6% during the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock valued at $566,000 after buying an additional 387 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in PayPal by 15.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock valued at $793,000 after buying an additional 918 shares during the period. Covestor Ltd grew its position in PayPal by 136.1% during the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock valued at $154,000 after buying an additional 769 shares during the period. Finally, Donaldson Capital Management LLC grew its position in PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PYPL. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of PayPal in a research report on Thursday, March 21st. Monness Crespi & Hardt cut their target price on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. BMO Capital Markets decreased their price target on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Thursday, February 8th. Susquehanna boosted their price objective on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Oppenheimer restated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Stock Performance

NASDAQ PYPL opened at $64.59 on Friday. The stock has a market cap of $67.99 billion, a PE ratio of 16.82, a P/E/G ratio of 1.47 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $77.95. The stock has a fifty day simple moving average of $62.12 and a 200-day simple moving average of $59.77.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

PayPal 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.