Front Street Capital Management Inc. Buys 485 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Front Street Capital Management Inc. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 8,456 shares of the credit services provider’s stock after acquiring an additional 485 shares during the period. Front Street Capital Management Inc.’s holdings in PayPal were worth $725,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new position in PayPal in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC lifted its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Modus Advisors LLC purchased a new position in shares of PayPal during the 4th quarter worth $37,000. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the fourth quarter valued at about $37,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.3 %

NASDAQ:PYPL opened at $61.00 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $68.53 and a 200-day simple moving average of $79.28. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a market capitalization of $60.34 billion, a P/E ratio of 15.21, a PEG 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, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley lifted their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Evercore ISI began coverage on PayPal in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have issued 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 an average rating of “Moderate Buy” and an average price target of $86.84.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

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.