Raymond James Financial Services Advisors Inc. Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 498,749 shares of the credit services provider’s stock after purchasing an additional 20,338 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PayPal were worth $30,628,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bartlett & Co. LLC increased its holdings in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after purchasing an additional 740 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after acquiring an additional 942 shares during the period. First Hawaiian Bank grew its holdings in shares of PayPal by 8.6% during the 4th quarter. First Hawaiian Bank now owns 6,936 shares of the credit services provider’s stock worth $426,000 after acquiring an additional 552 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in shares of PayPal during the 3rd quarter worth approximately $8,639,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of PayPal during the 3rd quarter worth approximately $5,261,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.1 %

Shares of NASDAQ:PYPL opened at $66.57 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $77.95. The company has a 50-day moving average price of $61.32 and a 200 day moving average price of $59.36. The company has a market cap of $71.35 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 3.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho cut their price target on PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company upped their price target on PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Oppenheimer restated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of PayPal in a research note on Thursday, March 21st. Finally, UBS Group upped their price objective on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.47.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

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.