PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by LM Advisors LLC

LM Advisors LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,705 shares of the credit services provider’s stock after buying an additional 3,160 shares during the period. LM Advisors LLC’s holdings in PayPal were worth $1,255,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. AssuredPartners Investment Advisors LLC bought a new stake in shares of PayPal in the 4th quarter worth about $342,000. NEOS Investment Management LLC increased its holdings in PayPal by 24.2% in the fourth quarter. NEOS Investment Management LLC now owns 139,466 shares of the credit services provider’s stock valued at $11,903,000 after buying an additional 27,142 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in PayPal by 6.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 66,866 shares of the credit services provider’s stock valued at $5,707,000 after buying an additional 3,854 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after buying an additional 5,772,198 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of PayPal by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,629,497 shares of the credit services provider’s stock worth $142,744,000 after acquiring an additional 94,953 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler dropped their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird reduced their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $69.97 on Thursday. The stock’s fifty day simple moving average is $77.21 and its 200 day simple moving average is $80.85. The stock has a market capitalization of $69.22 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.27 and a beta of 1.52. 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 earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.