Tanager Wealth Management LLP Takes $429,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Tanager Wealth Management LLP acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,986 shares of the credit services provider’s stock, valued at approximately $429,000.

Several other large investors also recently made changes to their positions in the business. John G Ullman & Associates Inc. boosted its position in shares of PayPal by 19.5% during the 4th quarter. John G Ullman & Associates Inc. now owns 39,285 shares of the credit services provider’s stock valued at $2,412,000 after purchasing an additional 6,400 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of PayPal by 2.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 28,644 shares of the credit services provider’s stock worth $1,759,000 after buying an additional 668 shares during the period. Institute for Wealth Management LLC. boosted its holdings in shares of PayPal by 4.7% in the fourth quarter. Institute for Wealth Management LLC. now owns 38,330 shares of the credit services provider’s stock worth $2,354,000 after buying an additional 1,722 shares during the period. Lafayette Investments Inc. boosted its holdings in shares of PayPal by 12.6% in the fourth quarter. Lafayette Investments Inc. now owns 46,005 shares of the credit services provider’s stock worth $2,825,000 after buying an additional 5,154 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of PayPal by 11.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,531 shares of the credit services provider’s stock worth $340,000 after buying an additional 552 shares during the period. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

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

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.21 during trading on Friday, reaching $62.31. The stock had a trading volume of 13,170,484 shares, compared to its average volume of 16,580,498. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The firm has a market capitalization of $65.59 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $62.27 and a two-hundred day simple moving average of $59.90.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of several recent analyst reports. Stephens reiterated an “equal weight” rating and issued a $70.00 target price on shares of PayPal in a report on Thursday, February 8th. Canaccord Genuity Group decreased their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a report on Friday, February 9th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Finally, Wells Fargo & Company raised their price target on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.47.

About PayPal

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.