Ring Mountain Capital LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ring Mountain Capital LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,813 shares of the credit services provider’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal during the third quarter valued at about $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp lifted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of PayPal in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.8 %

Shares of PYPL stock opened at $69.75 on Tuesday. 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 stock has a market capitalization of $69.00 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The company has a 50 day moving average price of $83.27 and a 200 day moving average price of $81.17. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

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

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were 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 approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler lowered their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Keefe, Bruyette & Woods increased their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.03.

About PayPal

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.