Atala Financial Inc Makes New $1.58 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atala Financial Inc bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,562 shares of the credit services provider’s stock, valued at approximately $1,584,000. PayPal comprises about 1.1% of Atala Financial Inc’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LBP AM SA acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $775,000. RPg Family Wealth Advisory LLC increased its holdings in shares of PayPal by 4.6% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 34,777 shares of the credit services provider’s stock valued at $2,968,000 after purchasing an additional 1,531 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in PayPal during the fourth quarter worth $13,426,000. Commonwealth Equity Services LLC increased its stake in PayPal by 7.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 321,606 shares of the credit services provider’s stock worth $27,449,000 after acquiring an additional 22,435 shares during the last quarter. Finally, IAG Wealth Partners LLC increased its stake in PayPal by 178.2% during the fourth quarter. IAG Wealth Partners LLC now owns 765 shares of the credit services provider’s stock worth $65,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 2.5 %

PayPal stock opened at $66.91 on Friday. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $66.19 billion, a PE ratio of 16.69, a P/E/G ratio of 1.27 and a beta of 1.52. The stock’s fifty day moving average is $80.33 and its two-hundred day moving average is $80.90.

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

Insider Transactions 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 owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of several recent analyst reports. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

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.