Gitterman Wealth Management LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Gitterman Wealth Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,725 shares of the credit services provider’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after buying an additional 873,181 shares during the period. Northern Trust Corp boosted its holdings in shares of PayPal by 0.7% in the third quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock worth $687,902,000 after buying an additional 78,105 shares during the period. FMR LLC boosted its holdings in shares of PayPal by 29.5% in the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after buying an additional 1,575,930 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of PayPal by 4.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,906,516 shares of the credit services provider’s stock worth $286,835,000 after buying an additional 215,835 shares during the period. Finally, Atreides Management LP boosted its holdings in shares of PayPal by 9.3% in the third quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock worth $244,042,000 after buying an additional 355,411 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of PayPal stock traded up $1.86 during midday trading on Friday, hitting $65.96. The company had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. The business’s 50 day simple moving average is $62.87 and its two-hundred day simple moving average is $60.18. The stock has a market cap of $69.43 billion, a PE ratio of 17.18, a P/E/G ratio of 1.23 and a beta of 1.45. 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 Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54.

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, equities analysts predict that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. William Blair reiterated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Morgan Stanley reissued an “equal weight” rating and issued a $66.00 price target (down from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Stephens reissued an “equal weight” rating and issued a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. Finally, Sanford C. Bernstein increased their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.