Level Four Advisory Services LLC Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Level Four Advisory Services LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 127,048 shares of the credit services provider’s stock after purchasing an additional 6,040 shares during the quarter. Level Four Advisory Services LLC’s holdings in PayPal were worth $10,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in PayPal during the fourth quarter valued at approximately $1,086,508,000. Artisan Partners Limited Partnership lifted its holdings in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after acquiring an additional 5,772,198 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PayPal by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after purchasing an additional 84,337 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal during the third quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $68.86 on Friday. 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 $68.12 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The company’s fifty day moving average price is $76.81 and its 200 day moving average price is $80.76.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for 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 firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PYPL. Keefe, Bruyette & Woods upped their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Susquehanna raised their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

PayPal Company 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.