Perennial Investment Advisors LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Perennial Investment Advisors LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,036 shares of the credit services provider’s stock after acquiring an additional 336 shares during the quarter. Perennial Investment Advisors LLC’s holdings in PayPal were worth $686,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PYPL. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% during the fourth 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. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal during the third quarter worth $26,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter worth $37,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of PayPal in the 4th quarter worth $39,000. 68.32% of the stock is owned by institutional investors.

Insider Transactions 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 sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $58.37 on Friday. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock’s fifty day moving average is $73.65 and its two-hundred day moving average is $80.58. The company has a market capitalization of $57.74 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. 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 (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. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Piper Sandler lowered their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

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.