Mountain Hill Investment Partners Corp. Makes New $77,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mountain Hill Investment Partners Corp. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 908 shares of the credit services provider’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Park Place Capital Corp grew its position in PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC grew its holdings in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the last quarter. Finally, Avalon Trust Co increased its position in PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $70.19 on Monday. The firm has a 50 day moving average of $78.19 and a 200-day moving average of $80.92. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. 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.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the company posted $1.48 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PYPL. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. 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. Based on data from MarketBeat, PayPal 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.