Callan Capital LLC Has $243,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Callan Capital LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,960 shares of the credit services provider’s stock after purchasing an additional 215 shares during the quarter. Callan Capital LLC’s holdings in PayPal were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares during the period. Northern Trust Corp boosted its holdings in shares of PayPal by 0.7% in the third quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after buying an additional 78,105 shares during the period. FMR LLC boosted its holdings in shares of PayPal by 29.5% in the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after buying an additional 1,575,930 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of PayPal by 4.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,906,516 shares of the credit services provider’s stock valued at $286,835,000 after buying an additional 215,835 shares during the period. Finally, Atreides Management LP boosted its holdings in shares of PayPal by 9.3% in the third quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock valued at $244,042,000 after buying an additional 355,411 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal 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 completion of the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Trading Up 2.9 %

PayPal stock traded up $1.86 during mid-day trading on Friday, hitting $65.96. 14,190,444 shares of the stock were exchanged, compared to its average volume of 16,223,340. The company has a quick ratio of 1.29, a current 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 $76.54. The firm’s fifty day simple moving average is $62.87 and its two-hundred day simple moving average is $60.16. The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.21 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during 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%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 price target (down previously from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. cut their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Evercore ISI boosted their price objective on shares of PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Finally, Oppenheimer reissued a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.47.

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.