Hurley Capital LLC Acquires New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hurley Capital LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 301 shares of the credit services provider’s stock, valued at approximately $27,000.

Several other hedge funds also recently bought and sold shares of PYPL. Envestnet Asset Management Inc. increased its holdings in PayPal by 14.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,485,198 shares of the credit services provider’s stock worth $126,762,000 after buying an additional 189,174 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in shares of PayPal by 4.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 8,036 shares of the credit services provider’s stock worth $686,000 after purchasing an additional 336 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of PayPal by 197.4% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 12,822 shares of the credit services provider’s stock valued at $1,094,000 after purchasing an additional 8,511 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of PayPal in the 4th quarter valued at $25,326,000. Finally, Wealth Advisors of Tampa Bay LLC increased its position in PayPal by 3.8% during the fourth quarter. Wealth Advisors of Tampa Bay LLC now owns 13,120 shares of the credit services provider’s stock worth $1,120,000 after buying an additional 475 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Down 5.4 %

PYPL stock opened at $58.37 on Friday. The business has a fifty day moving average price of $73.65 and a 200 day moving average price of $80.58. 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 fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock has a market capitalization of $57.74 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Robert W. Baird lowered their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Macquarie boosted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.13.

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.