Western Wealth Management LLC Has $1.02 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Western Wealth Management LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,530 shares of the credit services provider’s stock after purchasing an additional 7,547 shares during the period. Western Wealth Management LLC’s holdings in PayPal were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in shares of PayPal in the fourth quarter worth $9,267,000. Bartlett & Co. LLC lifted its position in PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares during the period. DekaBank Deutsche Girozentrale lifted its position in PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after purchasing an additional 73,687 shares during the period. Sunbelt Securities Inc. lifted its position in PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after purchasing an additional 942 shares during the period. Finally, Bellecapital International Ltd. lifted its position in PayPal by 2.0% in the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock worth $1,332,000 after purchasing an additional 433 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Susquehanna raised their target price on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Evercore ISI lifted their price objective on PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Citigroup cut their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. cut their price objective on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, Mizuho cut their price objective on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 0.3 %

NASDAQ:PYPL opened at $62.31 on Friday. The stock has a market capitalization of $65.59 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. The business’s 50-day simple moving average is $62.34 and its 200-day simple moving average is $59.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.

PayPal (NASDAQ:PYPL) last released its earnings results 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 firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

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.