Vident Advisory LLC Acquires 3,244 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Vident Advisory LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,658 shares of the credit services provider’s stock after buying an additional 3,244 shares during the period. Vident Advisory LLC’s holdings in PayPal were worth $1,934,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in PayPal in the 4th quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new position in PayPal in the fourth quarter valued at about $37,000. Crowley Wealth Management Inc. bought a new stake in PayPal during the fourth quarter worth about $39,000. Bank of Jackson Hole Trust acquired a new stake in PayPal during the fourth quarter worth about $41,000. Finally, JFS Wealth Advisors LLC increased its holdings in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.3%

Shares of NASDAQ:PYPL opened at $71.45 on Friday. The business has a fifty day simple moving average of $66.26 and a 200 day simple moving average of $77.23. 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 $69.49 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.27 and a beta of 1.51. 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 (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PYPL. Barclays cut their price target on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Bank of America reduced their target price on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada lowered their price target on PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Evercore ISI assumed coverage on PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price objective for the company. Finally, UBS Group decreased their target price on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.68.

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.