PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Ghe LLC

Ghe LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,529 shares of the credit services provider’s stock after acquiring an additional 644 shares during the quarter. PayPal comprises about 0.9% of Ghe LLC’s investment portfolio, making the stock its 28th largest holding. Ghe LLC’s holdings in PayPal were worth $1,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of PayPal during the fourth quarter valued at about $25,000. Sutton Wealth Advisors Inc. raised its stake in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of PayPal during the third quarter valued at about $33,000. Beacon Capital Management LLC raised its stake in shares of PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PayPal during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.41 during trading on Wednesday, reaching $64.84. The stock had a trading volume of 8,173,079 shares, compared to its average volume of 16,305,638. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The firm has a market capitalization of $68.25 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.10 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $62.65 and a two-hundred day simple moving average of $60.08.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stephens reiterated an “equal weight” rating and issued a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. UBS Group raised their target price on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of PayPal in a report on Thursday, March 21st. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus target price of $70.47.

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.