Sherman Asset Management Inc. Makes New $77,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sherman Asset Management Inc. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 904 shares of the credit services provider’s stock, valued at approximately $77,000.

Several other institutional investors also recently bought and sold shares of the company. Chase Investment Counsel Corp increased its holdings in PayPal by 209.1% during the 4th quarter. Chase Investment Counsel Corp now owns 14,204 shares of the credit services provider’s stock worth $1,212,000 after purchasing an additional 9,609 shares during the period. Metis Global Partners LLC increased its holdings in shares of PayPal by 2.6% in the 4th quarter. Metis Global Partners LLC now owns 48,065 shares of the credit services provider’s stock valued at $4,102,000 after acquiring an additional 1,196 shares during the period. Noble Wealth Management PBC purchased a new position in shares of PayPal in the 4th quarter valued at $166,000. Fisher Asset Management LLC increased its holdings in shares of PayPal by 14.5% in the 4th quarter. Fisher Asset Management LLC now owns 13,217 shares of the credit services provider’s stock valued at $1,128,000 after acquiring an additional 1,676 shares during the period. Finally, Sage Investment Counsel LLC purchased a new position in shares of PayPal in the 4th quarter valued at $248,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $71.07 on Friday. The stock has a market cap of $70.30 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The business has a 50-day simple moving average of $83.61 and a 200-day simple moving average of $81.05. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PYPL. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday. Robert W. Baird cut their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley lifted their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday. Citigroup reiterated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

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.