LM Advisors LLC Has $1.26 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

LM Advisors LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,705 shares of the credit services provider’s stock after buying an additional 3,160 shares during the period. LM Advisors LLC’s holdings in PayPal were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its stake 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 buying an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter worth about $26,000. Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Modus Advisors LLC acquired a new stake in PayPal during the fourth quarter valued at approximately $37,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of PayPal in the 4th quarter valued at approximately $39,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on PYPL. Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

PayPal Stock Down 1.3 %

PayPal stock opened at $69.97 on Thursday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week 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 firm has a market capitalization of $69.22 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.27 and a beta of 1.52. The company’s 50 day simple moving average is $77.21 and its 200 day simple moving average is $80.85.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue 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 anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.