one8zero8 LLC Takes $227,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

one8zero8 LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,661 shares of the credit services provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Choate Investment Advisors lifted its position in shares of PayPal by 12.4% in the 4th quarter. Choate Investment Advisors now owns 5,169 shares of the credit services provider’s stock worth $441,000 after purchasing an additional 569 shares during the period. Frank Rimerman Advisors LLC raised its stake in PayPal by 4.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 11,688 shares of the credit services provider’s stock worth $998,000 after buying an additional 506 shares during the last quarter. Poinciana Advisors Group LLC acquired a new position in PayPal in the fourth quarter valued at $300,000. Hills Bank & Trust Co boosted its position in PayPal by 14.7% during the fourth quarter. Hills Bank & Trust Co now owns 14,997 shares of the credit services provider’s stock valued at $1,280,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Capital Management Associates NY grew its holdings in PayPal by 25.0% during the 4th quarter. Capital Management Associates NY now owns 15,000 shares of the credit services provider’s stock worth $1,280,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on 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 directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

PYPL stock 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. The firm has a market cap of $68.21 billion, a PE ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. The business has a 50 day moving average of $79.96 and a 200-day moving average of $81.02. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PYPL shares. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Finally, DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

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.