PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,739 shares of the credit services provider’s stock after buying an additional 502 shares during the period. RWA Wealth Partners LLC’s holdings in PayPal were worth $2,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the 3rd quarter valued at $26,000. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Modus Advisors LLC acquired a new stake in shares of PayPal during the 4th quarter worth $37,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of PayPal in the 4th quarter worth $39,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 5.4 %

PYPL stock opened at $65.15 on Monday. The firm has a fifty day moving average price of $76.28 and a two-hundred day moving average price of $80.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The firm has a market cap of $64.45 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52.

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

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction 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 sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Arete Research downgraded PayPal from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.03.

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.