Maridea Wealth Management LLC Makes New $410,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Maridea Wealth Management LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,809 shares of the credit services provider’s stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Park Place Capital Corp raised its holdings in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of PayPal by 67.6% during 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 during the last quarter. JFS Wealth Advisors LLC lifted its holdings 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 buying an additional 125 shares during the period. Wynn Capital LLC boosted its stake in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after buying an additional 130 shares during the last quarter. Finally, Avalon Trust Co grew its holdings in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 5.4 %

PYPL opened at $65.15 on Friday. 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 stock has a market capitalization of $64.45 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52. The business has a fifty day moving average price of $76.28 and a 200 day moving average price of $80.82. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for 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%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on PYPL. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Piper Sandler lowered their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Barclays raised their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Arete Research cut PayPal from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.03.

Insider Buying and Selling 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 shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

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.