FLC Capital Advisors Acquires Shares of 3,370 PayPal Holdings, Inc. (NASDAQ:PYPL)

FLC Capital Advisors bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,370 shares of the credit services provider’s stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of the stock. Vestcor Inc grew its position in shares of PayPal by 0.5% in the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after purchasing an additional 140 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after purchasing an additional 143 shares during the last quarter. Oxford Financial Group Ltd. increased its position in shares of PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after purchasing an additional 150 shares during the last quarter. Donaldson Capital Management LLC increased its position in shares of PayPal by 5.3% during the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 155 shares during the last quarter. Finally, Brooks Moore & Associates Inc. boosted its holdings in PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.6 %

NASDAQ:PYPL traded up $0.42 during trading hours on Thursday, reaching $66.99. 10,669,466 shares of the company were exchanged, compared to its average volume of 18,347,123. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $71.80 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.51 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $77.95. The stock has a 50 day simple moving average of $61.32 and a 200 day simple moving average of $59.36.

PayPal (NASDAQ:PYPL) last released 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. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, analysts predict that PayPal Holdings, Inc. will post 3.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PYPL shares. Bank of America cut PayPal from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $77.00 to $66.00 in a report on Wednesday, December 6th. UBS Group raised their price objective on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.47.

Insider Buying and Selling

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

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.