Octavia Wealth Advisors LLC Boosts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Octavia Wealth Advisors LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,807 shares of the credit services provider’s stock after buying an additional 261 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in PayPal were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its position in shares of PayPal by 110,462.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after acquiring an additional 17,120,572 shares during the last quarter. Norges Bank bought a new stake in shares of PayPal during the 4th quarter valued at about $1,022,333,000. Clearbridge Investments LLC boosted its position in shares of PayPal by 122.0% during the 1st quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock valued at $720,555,000 after acquiring an additional 3,424,122 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of PayPal by 36.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider’s stock valued at $718,755,000 after acquiring an additional 2,862,766 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of PayPal by 420.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after acquiring an additional 2,616,774 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

PayPal Trading Down 0.1 %

PayPal stock opened at $63.43 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $62.15 and its two-hundred day simple moving average is $59.86. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $77.95. The company has a market capitalization of $66.77 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 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 return on equity of 20.84% and a net margin of 14.26%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. As a group, equities analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PYPL. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Evercore ISI boosted their target price on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. UBS Group boosted their target price on PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of PayPal in a research report on Thursday, March 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Company 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.