Linscomb & Williams Inc. Buys 909 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Linscomb & Williams Inc. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,733 shares of the credit services provider’s stock after acquiring an additional 909 shares during the quarter. Linscomb & Williams Inc.’s holdings in PayPal were worth $1,519,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal during the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. lifted its stake in shares of PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares in the last quarter. Private Wealth Management Group LLC bought a new position in PayPal in the 4th quarter worth $29,000. EdgeRock Capital LLC purchased a new stake in PayPal in the 4th quarter worth $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in PayPal during the fourth quarter valued at about $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 0.1 %

Shares of PayPal stock traded up $0.06 on Friday, hitting $61.64. 8,176,776 shares of the company traded hands, compared to its average volume of 12,707,337. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $64.48 billion, a PE ratio of 15.53, a PEG ratio of 1.01 and a beta of 1.41. The stock’s 50 day moving average price is $64.79 and its 200-day moving average price is $61.63. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share 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 firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PYPL. Mizuho upped their price objective on PayPal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Stephens upped their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein lifted their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th. TD Cowen boosted their target price on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Finally, Argus downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.73.

Read Our Latest Report on PYPL

Insider Buying and Selling

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

PayPal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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