HBK Sorce Advisory LLC Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

HBK Sorce Advisory LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,459 shares of the credit services provider’s stock after buying an additional 263 shares during the period. HBK Sorce Advisory LLC’s holdings in PayPal were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Erste Asset Management GmbH lifted its position in shares of PayPal by 7.7% in the 4th quarter. Erste Asset Management GmbH now owns 182,772 shares of the credit services provider’s stock worth $15,965,000 after purchasing an additional 13,006 shares during the period. Achmea Investment Management B.V. lifted its position in shares of PayPal by 41.0% in the 4th quarter. Achmea Investment Management B.V. now owns 92,635 shares of the credit services provider’s stock worth $7,906,000 after purchasing an additional 26,928 shares during the period. Tredje AP fonden purchased a new stake in shares of PayPal in the 4th quarter worth approximately $12,487,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PayPal in the 4th quarter worth approximately $7,976,000. Finally, Jupiter Asset Management Ltd. lifted its position in shares of PayPal by 174.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 288,002 shares of the credit services provider’s stock worth $24,581,000 after purchasing an additional 183,023 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PYPL. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Macquarie boosted their price objective 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. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Performance

PYPL opened at $68.95 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $68.21 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The firm’s fifty day simple moving average is $79.96 and its two-hundred day simple moving average is $80.88.

PayPal (NASDAQ:PYPL) last posted 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 business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated 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 directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s stock.

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.