Lindbrook Capital LLC Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Lindbrook Capital LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,106 shares of the credit services provider’s stock after purchasing an additional 1,438 shares during the quarter. Lindbrook Capital LLC’s holdings in PayPal were worth $252,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hartford Financial Management Inc. boosted its position in PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc boosted its position in PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after acquiring an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. grew its stake in PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock worth $841,000 after purchasing an additional 180 shares during the period. Waldron Private Wealth LLC increased its stake in shares of PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after acquiring an additional 182 shares in the last quarter. Finally, New World Advisors LLC lifted its holdings in shares of PayPal by 2.9% during the fourth quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after purchasing an additional 185 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $63.19 on Tuesday. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $62.40 and a two-hundred day simple moving average of $60.00. The stock has a market capitalization of $66.52 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its 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 business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PYPL. Mizuho dropped their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Daiwa Capital Markets cut PayPal from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. BMO Capital Markets dropped their target price on PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Sanford C. Bernstein increased their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.47.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently 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.