MV Capital Management Inc. Buys 568 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

MV Capital Management Inc. grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 70.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,372 shares of the credit services provider’s stock after acquiring an additional 568 shares during the period. MV Capital Management Inc.’s holdings in PayPal were worth $117,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allianz SE bought a new stake in shares of PayPal in the 4th quarter worth $679,000. Intrust Bank NA lifted its stake in PayPal by 4.3% during the 4th quarter. Intrust Bank NA now owns 4,731 shares of the credit services provider’s stock valued at $404,000 after acquiring an additional 193 shares during the period. Allstate Corp purchased a new stake in shares of PayPal during the 4th quarter valued at about $2,460,000. Maridea Wealth Management LLC bought a new stake in shares of PayPal in the fourth quarter worth approximately $410,000. Finally, DnB Asset Management AS grew its stake in shares of PayPal by 101.8% in the fourth quarter. DnB Asset Management AS now owns 352,066 shares of the credit services provider’s stock worth $30,049,000 after acquiring an additional 177,644 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 5.4 %

PYPL opened at $65.15 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $64.45 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52. The stock’s 50 day moving average price is $76.28 and its 200-day moving average price is $80.73.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on PYPL shares. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

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.