Atala Financial Inc Purchases New Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atala Financial Inc purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,562 shares of the credit services provider’s stock, valued at approximately $1,584,000. PayPal accounts for about 1.1% of Atala Financial Inc’s portfolio, making the stock its 29th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. Mizuho Securities USA LLC boosted its stake in shares of PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PayPal by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after buying an additional 84,337 shares in the last quarter. Primecap Management Co. CA lifted its stake in PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in PayPal in the 3rd quarter valued at approximately $387,435,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on PYPL shares. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Friday, February 28th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $66.91 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company’s 50-day simple moving average is $80.33 and its 200-day simple moving average is $80.90. The stock has a market capitalization of $66.19 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.