one8zero8 LLC Buys New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

one8zero8 LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,661 shares of the credit services provider’s stock, valued at approximately $227,000.

A number of other hedge funds have also recently bought and sold shares of PYPL. Choate Investment Advisors boosted its holdings in shares of PayPal by 12.4% in the 4th quarter. Choate Investment Advisors now owns 5,169 shares of the credit services provider’s stock valued at $441,000 after buying an additional 569 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in PayPal by 4.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 11,688 shares of the credit services provider’s stock valued at $998,000 after acquiring an additional 506 shares during the last quarter. Poinciana Advisors Group LLC bought a new position in shares of PayPal in the 4th quarter valued at about $300,000. Hills Bank & Trust Co increased its stake in shares of PayPal by 14.7% during the 4th quarter. Hills Bank & Trust Co now owns 14,997 shares of the credit services provider’s stock worth $1,280,000 after purchasing an additional 1,921 shares during the last quarter. Finally, Capital Management Associates NY raised its holdings in shares of PayPal by 25.0% in the 4th quarter. Capital Management Associates NY now owns 15,000 shares of the credit services provider’s stock valued at $1,280,000 after purchasing an additional 3,000 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

PayPal stock opened at $68.95 on Monday. The stock has a market cap of $68.21 billion, a PE ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. 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 12-month low of $56.97 and a 12-month high of $93.66. The business’s 50-day moving average price is $79.96 and its two-hundred day moving average price is $81.02.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PYPL. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Robert W. Baird cut their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

About PayPal

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.