Watershed Asset Management L.L.C. Has $297,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Watershed Asset Management L.L.C. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,830 shares of the credit services provider’s stock after buying an additional 559 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in PayPal were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Morgan Stanley grew its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after buying an additional 873,181 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of PayPal by 0.7% in the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after purchasing an additional 78,105 shares in the last quarter. FMR LLC boosted its holdings in shares of PayPal by 29.5% in the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after purchasing an additional 1,575,930 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of PayPal by 4.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,906,516 shares of the credit services provider’s stock valued at $286,835,000 after purchasing an additional 215,835 shares in the last quarter. Finally, Atreides Management LP boosted its holdings in shares of PayPal by 9.3% in the 3rd quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock valued at $244,042,000 after purchasing an additional 355,411 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PYPL shares. DZ Bank downgraded PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Friday, February 9th. Stephens reaffirmed an “equal weight” rating and issued a $70.00 target price on shares of PayPal in a report on Thursday, February 8th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, William Blair reiterated an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 2.0 %

PayPal stock traded up $1.24 during trading hours on Tuesday, reaching $64.43. 9,897,597 shares of the company’s stock were exchanged, compared to its average volume of 16,395,941. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm’s 50 day simple moving average is $62.53 and its 200 day simple moving average is $60.04. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The firm has a market capitalization of $67.82 billion, a PE ratio of 16.78, a PEG ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the business posted $1.01 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Research analysts predict that PayPal Holdings, Inc. will post 4.04 earnings per share for the current year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the firm’s 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 completion of the sale, 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 SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

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.