Syon Capital LLC Buys 4,289 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Syon Capital LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 98.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,654 shares of the credit services provider’s stock after buying an additional 4,289 shares during the period. Syon Capital LLC’s holdings in PayPal were worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hartford Financial Management Inc. boosted its position in shares of PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after buying an additional 170 shares during the period. Brooks Moore & Associates Inc. boosted its holdings in shares of PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after buying an additional 180 shares in the last quarter. Waldron Private Wealth LLC grew its position in shares of PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after buying an additional 182 shares during the period. Finally, New World Advisors LLC increased its stake in shares of PayPal by 2.9% in the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock worth $404,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $65.96 on Friday. The business’s fifty day moving average is $62.87 and its 200 day moving average is $60.16. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $69.43 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Monness Crespi & Hardt lowered their price target on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. JPMorgan Chase & Co. reduced their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, Daiwa Capital Markets downgraded shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.47.

About PayPal

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.