Maridea Wealth Management LLC Buys Shares of 4,809 PayPal Holdings, Inc. (NASDAQ:PYPL)

Maridea Wealth Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,809 shares of the credit services provider’s stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. DnB Asset Management AS increased its holdings in PayPal by 101.8% in the 4th quarter. DnB Asset Management AS now owns 352,066 shares of the credit services provider’s stock worth $30,049,000 after purchasing an additional 177,644 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in shares of PayPal by 5.0% during the fourth quarter. Level Four Advisory Services LLC now owns 127,048 shares of the credit services provider’s stock worth $10,844,000 after purchasing an additional 6,040 shares during the last quarter. denkapparat Operations GmbH acquired a new position in shares of PayPal in the fourth quarter valued at approximately $367,000. Orion Portfolio Solutions LLC raised its holdings in PayPal by 20.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 28,353 shares of the credit services provider’s stock valued at $2,420,000 after buying an additional 4,787 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in PayPal during the 4th quarter worth approximately $10,020,000. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of a number of recent research reports. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Arete Research downgraded PayPal from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Piper Sandler dropped their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.03.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’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 transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by company insiders.

PayPal Stock Performance

NASDAQ PYPL opened at $65.15 on Friday. The company’s 50 day simple moving average is $76.28 and its two-hundred day simple moving average is $80.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market capitalization of $64.45 billion, a PE ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for 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%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 EPS. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share 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.