Accurate Wealth Management LLC Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Accurate Wealth Management LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 105.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,791 shares of the credit services provider’s stock after purchasing an additional 2,455 shares during the quarter. Accurate Wealth Management LLC’s holdings in PayPal were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Woodline Partners LP acquired a new position in PayPal in the 2nd quarter worth approximately $5,746,000. Guyasuta Investment Advisors Inc. acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $211,000. Legal & General Group Plc grew its stake in shares of PayPal by 2.2% during the 2nd quarter. Legal & General Group Plc now owns 7,916,740 shares of the credit services provider’s stock worth $552,905,000 after purchasing an additional 173,465 shares during the period. Moloney Securities Asset Management LLC grew its stake in shares of PayPal by 11.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 4,049 shares of the credit services provider’s stock worth $348,000 after purchasing an additional 414 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of PayPal by 102.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,468,655 shares of the credit services provider’s stock worth $126,405,000 after purchasing an additional 742,894 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of PayPal from $136.00 to $133.00 and set an “overweight” rating on the stock in a research note on Monday, February 6th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $160.00 price objective on shares of PayPal in a research note on Friday, February 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PayPal from $140.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, January 31st. Oppenheimer raised their price objective on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Finally, Mizuho dropped their price target on shares of PayPal from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $108.42.

Insider Transactions at PayPal

In other PayPal news, CEO Daniel H. Schulman bought 26,065 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was purchased at an average price of $76.17 per share, for a total transaction of $1,985,371.05. Following the completion of the purchase, the chief executive officer now directly owns 395,351 shares in the company, valued at $30,113,885.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $72.99 on Friday. The company has a market cap of $82.58 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.12 and a beta of 1.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a 50-day moving average of $77.66 and a two-hundred day moving average of $80.89. PayPal Holdings, Inc. has a 1-year low of $66.39 and a 1-year high of $122.92.

PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The credit services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. PayPal had a return on equity of 17.48% and a net margin of 8.79%. The business had revenue of $7.38 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 3.82 EPS for the current year.

About PayPal

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PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.