Wynn Capital LLC Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wynn Capital LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,677 shares of the credit services provider’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the fourth quarter worth approximately $25,000. Sutton Wealth Advisors Inc. raised its stake in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. BluePath Capital Management LLC purchased a new position in PayPal in the third quarter worth $33,000. Criterion Capital Advisors LLC purchased a new position in PayPal in the fourth quarter worth $37,000. Finally, Beacon Capital Management LLC raised its position in PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 225 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

PYPL has been the subject of several research analyst reports. Argus cut PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Susquehanna raised their target price on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Sanford C. Bernstein lifted their target price on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Canaccord Genuity Group reduced their price objective on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. dropped their price objective on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 0.6 %

PYPL stock traded up $0.41 during trading on Wednesday, hitting $64.84. 8,173,079 shares of the company traded hands, compared to its average volume of 16,305,638. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a 50-day moving average of $62.53 and a 200-day moving average of $60.04. The firm has a market capitalization of $68.25 billion, a PE ratio of 16.82, a P/E/G ratio of 1.10 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $1.01 EPS. Analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

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.