GWN Securities Inc. Takes $353,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GWN Securities Inc. acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,965 shares of the credit services provider’s stock, valued at approximately $353,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the 3rd quarter worth $26,000. Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC acquired a new stake in PayPal during the 4th quarter worth $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in PayPal during the 3rd quarter worth $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 3.0 %

Shares of NASDAQ PYPL opened at $68.95 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm has a 50-day moving average price of $79.96 and a 200 day moving average price of $81.02. The stock has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating 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 firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the business earned $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on PYPL. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Barclays lifted their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Fourteen investment 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

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.