Yelin Lapidot Holdings Management Ltd. Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Yelin Lapidot Holdings Management Ltd. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,250 shares of the credit services provider’s stock, valued at approximately $200,000.

A number of other large investors have also recently modified their holdings of the company. Linscomb & Williams Inc. raised its stake in PayPal by 3.8% in the fourth quarter. Linscomb & Williams Inc. now owns 24,733 shares of the credit services provider’s stock worth $1,519,000 after buying an additional 909 shares in the last quarter. Skopos Labs Inc. bought a new position in PayPal in the fourth quarter worth approximately $274,000. HCR Wealth Advisors raised its stake in PayPal by 26.8% in the fourth quarter. HCR Wealth Advisors now owns 5,524 shares of the credit services provider’s stock worth $339,000 after buying an additional 1,168 shares in the last quarter. Team Hewins LLC bought a new position in PayPal in the fourth quarter worth approximately $384,000. Finally, Oxford Asset Management LLP bought a new position in PayPal in the fourth quarter worth approximately $230,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL traded up $0.06 during trading on Friday, reaching $61.64. 8,176,776 shares of the company’s stock traded hands, compared to its average volume of 12,707,337. 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 quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $64.48 billion, a PE ratio of 15.53, a P/E/G ratio of 1.01 and a beta of 1.41. The company has a 50-day simple moving average of $64.79 and a 200-day simple moving average of $61.63.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the business earned $0.86 earnings per share. PayPal’s revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on PYPL shares. Robert W. Baird boosted their price objective on shares of PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. BMO Capital Markets upped their price target on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group reduced their price target on PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Daiwa Capital Markets downgraded PayPal from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Finally, UBS Group upped their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus price target of $72.73.

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.