Stifel Financial Corp Boosts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Stifel Financial Corp boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,160,461 shares of the credit services provider’s stock after purchasing an additional 79,381 shares during the period. Stifel Financial Corp’s holdings in PayPal were worth $99,046,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of PayPal during the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC increased its stake in shares of 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. Modus Advisors LLC purchased a new position in PayPal during the fourth quarter valued at $37,000. Finally, Bernard Wealth Management Corp. purchased a new stake in PayPal in the fourth quarter worth about $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $60.28 on Tuesday. The company’s 50-day simple moving average is $67.90 and its two-hundred day simple moving average is $79.06. 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 one year low of $55.85 and a one year high of $93.66. The company has a market capitalization of $59.63 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last issued 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 analysts’ expectations 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 in the prior year, the business earned $1.48 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PYPL shares. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Monness Crespi & Hardt lowered their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Robert W. Baird dropped their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.84.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, 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 SEC, which is available through this link. 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.