Wynn Capital LLC Purchases New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wynn Capital LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,677 shares of the credit services provider’s stock, valued at approximately $594,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal in the fourth quarter worth approximately $25,000. Sutton Wealth Advisors Inc. raised its position in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of PayPal in the 3rd quarter worth about $33,000. Beacon Capital Management LLC increased its holdings in PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after buying an additional 225 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in PayPal in the 4th quarter worth about $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. BMO Capital Markets dropped their price target on PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Mizuho decreased their price objective on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Finally, Argus cut PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $70.47.

PayPal Price Performance

Shares of PYPL traded up $0.41 during trading hours on Wednesday, hitting $64.84. 8,173,079 shares of the company were exchanged, compared to its average volume of 16,305,638. The firm has a fifty day simple moving average of $62.53 and a 200-day simple moving average of $60.04. The company has a market capitalization of $68.25 billion, a PE ratio of 16.82, a PEG ratio of 1.10 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

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.