Grandfield & Dodd LLC Acquires 4,650 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Grandfield & Dodd LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,809 shares of the credit services provider’s stock after purchasing an additional 4,650 shares during the quarter. PayPal accounts for about 2.0% of Grandfield & Dodd LLC’s portfolio, making the stock its 16th largest position. Grandfield & Dodd LLC’s holdings in PayPal were worth $32,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fidelis Capital Partners LLC lifted its stake in shares of PayPal by 210.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 15,866 shares of the credit services provider’s stock valued at $1,420,000 after purchasing an additional 10,759 shares during the last quarter. Quintet Private Bank Europe S.A. raised its holdings in PayPal by 15.1% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 760,393 shares of the credit services provider’s stock valued at $64,900,000 after buying an additional 99,592 shares during the period. LGT Fund Management Co Ltd. boosted its stake in PayPal by 166.2% during the fourth quarter. LGT Fund Management Co Ltd. now owns 189,000 shares of the credit services provider’s stock worth $16,131,000 after buying an additional 118,000 shares during the period. LGT Group Foundation increased its position in PayPal by 6.4% during the fourth quarter. LGT Group Foundation now owns 12,188 shares of the credit services provider’s stock valued at $1,040,000 after acquiring an additional 730 shares during the last quarter. Finally, DJE Kapital AG purchased a new stake in shares of PayPal in the fourth quarter valued at $16,570,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PYPL shares. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Piper Sandler cut their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Susquehanna boosted their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Fourteen 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Activity at PayPal

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

PayPal Price Performance

Shares of NASDAQ PYPL opened at $71.07 on Monday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a market cap of $70.30 billion, a PE ratio of 17.72, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The business has a 50-day simple moving average of $83.61 and a two-hundred day simple moving average of $81.16.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the business earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.