PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 8,891 shares of the credit services provider’s stock after acquiring an additional 250 shares during the period. TD Private Client Wealth LLC’s holdings in PayPal were worth $759,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC lifted its position in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new stake in shares of PayPal in the 3rd quarter valued at approximately $387,435,000. Nikko Asset Management Americas Inc. boosted its stake in shares of PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after buying an additional 18,172 shares in the last quarter. Fortem Financial Group LLC grew its holdings in PayPal by 28.0% during the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock worth $2,842,000 after acquiring an additional 7,291 shares during the period. Finally, Franklin Resources Inc. raised its position in PayPal by 120.3% in the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after acquiring an additional 849,311 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.7 %

PYPL opened at $70.19 on Monday. The stock has a market capitalization 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. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average of $78.19 and a two-hundred day moving average of $80.92.

PayPal (NASDAQ:PYPL) last released its earnings results 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 net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was 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 accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PYPL. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Morgan Stanley boosted their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods raised their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal 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.