AJOVista LLC Takes $188,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

AJOVista LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,065 shares of the credit services provider’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of PayPal by 5.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 217,041 shares of the credit services provider’s stock worth $12,688,000 after buying an additional 11,030 shares during the last quarter. FinTrust Capital Advisors LLC grew its position in shares of PayPal by 51.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,283 shares of the credit services provider’s stock valued at $75,000 after acquiring an additional 438 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of PayPal by 5.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 478,411 shares of the credit services provider’s stock worth $27,968,000 after purchasing an additional 24,231 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in PayPal by 15.5% in the 3rd quarter. Simon Quick Advisors LLC now owns 4,183 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 562 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in PayPal by 41.2% during the third quarter. Stratos Wealth Partners LTD. now owns 32,119 shares of the credit services provider’s stock valued at $1,878,000 after purchasing an additional 9,377 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.9 %

Shares of NASDAQ PYPL traded down $1.28 during midday trading on Friday, hitting $65.70. The company’s stock had a trading volume of 15,435,157 shares, compared to its average volume of 12,651,739. The business’s 50 day moving average is $63.69 and its two-hundred day moving average is $60.50. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $68.73 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $66.00 price objective (down previously from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Susquehanna lifted their price target on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Citigroup reduced their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. JMP Securities upped their target price on shares of PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.73.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate 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.