Fidelis Capital Partners LLC Has $340,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fidelis Capital Partners LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,531 shares of the credit services provider’s stock after purchasing an additional 552 shares during the quarter. Fidelis Capital Partners LLC’s holdings in PayPal were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal during the 4th quarter worth about $25,000. Sutton Wealth Advisors Inc. raised its holdings in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in PayPal during the 2nd quarter worth about $27,000. Resurgent Financial Advisors LLC bought a new stake in PayPal during the 4th quarter worth about $29,000. Finally, BluePath Capital Management LLC bought a new stake in PayPal during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PYPL. Evercore ISI boosted their price objective on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. BMO Capital Markets lowered their price target on PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Wells Fargo & Company upped their price target on PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. lowered their price target on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Trading Up 0.3 %

NASDAQ:PYPL opened at $62.31 on Friday. The company has a market cap of $65.59 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The business has a 50 day moving average price of $62.34 and a two-hundred day moving average price of $59.93.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.