Occidental Asset Management LLC Invests $462,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Occidental Asset Management LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,524 shares of the credit services provider’s stock, valued at approximately $462,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Sutton Wealth Advisors Inc. boosted its position in PayPal by 115.0% in 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 during the last quarter. PCA Investment Advisory Services Inc. purchased a new position in PayPal in the 2nd quarter valued at about $27,000. Resurgent Financial Advisors LLC purchased a new position in PayPal in the 4th quarter valued at about $29,000. BluePath Capital Management LLC purchased a new position in PayPal in the 3rd quarter valued at about $33,000. Finally, Beacon Capital Management LLC boosted its position in PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

PayPal Stock Up 0.6 %

Shares of PayPal stock traded up $0.42 during midday trading on Friday, reaching $66.99. 10,775,822 shares of the company’s stock traded hands, compared to its average volume of 15,232,717. The company has a market cap of $71.80 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The company’s 50 day simple moving average is $61.56 and its 200 day simple moving average is $59.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PYPL shares. Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Mizuho reduced their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Citigroup reduced their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Twenty-four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $70.47.

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.