M. Kulyk & Associates LLC Purchases Shares of 3,494 PayPal Holdings, Inc. (NASDAQ:PYPL)

M. Kulyk & Associates LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,494 shares of the credit services provider’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal during the fourth quarter valued at about $25,000. Sutton Wealth Advisors Inc. grew its position in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the last quarter. EdgeRock Capital LLC purchased a new position in shares of PayPal during the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new position in shares of PayPal during the fourth quarter valued at approximately $37,000. Finally, Beacon Capital Management LLC lifted its stake 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 during the period. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen upped their price objective on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Royal Bank of Canada raised their price objective on shares of PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Stephens upped their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Mizuho raised their target price on PayPal from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price 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. Twenty-two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.73.

Get Our Latest Report on PYPL

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock traded up $0.38 on Friday, hitting $64.48. 8,184,205 shares of the company’s stock were exchanged, compared to its average volume of 15,791,248. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $67.45 billion, a PE ratio of 16.27, a PEG ratio of 1.15 and a beta of 1.41. 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 simple moving average of $64.57 and a 200-day simple moving average of $61.17.

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

PayPal Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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