World Investment Advisors Acquires 4,528 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

World Investment Advisors grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 72,399 shares of the credit services provider’s stock after acquiring an additional 4,528 shares during the quarter. World Investment Advisors’ holdings in PayPal were worth $6,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PYPL. United Bank lifted its position in shares of PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after buying an additional 794 shares during the last quarter. Benjamin Edwards Inc. raised its stake in PayPal by 8,335.5% during the third quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider’s stock worth $2,172,000 after acquiring an additional 27,507 shares in the last quarter. Ascent Group LLC bought a new position in shares of PayPal in the third quarter worth about $201,000. HighTower Advisors LLC boosted its stake in shares of PayPal by 32.0% in the 3rd quarter. HighTower Advisors LLC now owns 481,312 shares of the credit services provider’s stock valued at $37,580,000 after purchasing an additional 116,600 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of PayPal by 8.0% during the 3rd quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider’s stock valued at $906,000 after purchasing an additional 864 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $61.71 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company’s 50-day moving average is $74.26 and its 200 day moving average is $80.61. 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 company has a market capitalization of $61.05 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler lowered their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.