Middleton & Co. Inc. MA Has $5.61 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Middleton & Co. Inc. MA lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,695 shares of the credit services provider’s stock after selling 4,270 shares during the period. Middleton & Co. Inc. MA’s holdings in PayPal were worth $5,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the 3rd quarter worth about $26,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp grew its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in PayPal in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 0.5 %

Shares of PYPL stock opened at $71.07 on Friday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock has a market cap of $70.30 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $83.61 and a two-hundred day simple moving average of $80.94.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PYPL shares. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods increased their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Wolfe Research raised shares of 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. Piper Sandler cut their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Citigroup reissued an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.