Intellectus Partners LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Intellectus Partners LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,617 shares of the credit services provider’s stock after purchasing an additional 3,563 shares during the quarter. PayPal comprises about 1.1% of Intellectus Partners LLC’s holdings, making the stock its 22nd biggest holding. Intellectus Partners LLC’s holdings in PayPal were worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Principle Wealth Partners LLC bought a new position in PayPal in the 4th quarter worth $206,000. Russell Investments Group Ltd. increased its stake in shares of PayPal by 67.8% in the 4th quarter. Russell Investments Group Ltd. now owns 465,605 shares of the credit services provider’s stock worth $28,658,000 after acquiring an additional 188,089 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of PayPal in the 4th quarter worth about $412,000. Citizens Financial Group Inc. RI increased its stake in shares of PayPal by 7.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 9,947 shares of the credit services provider’s stock worth $611,000 after acquiring an additional 661 shares in the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of PayPal by 61.9% in the 4th quarter. Kovack Advisors Inc. now owns 36,871 shares of the credit services provider’s stock worth $2,264,000 after acquiring an additional 14,094 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred 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 sale, 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 legal filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PYPL shares. Stephens restated an “equal weight” rating and set a $70.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. Citigroup dropped their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $66.00 price target (down previously from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Stock Up 2.9 %

PayPal stock traded up $1.86 during trading hours on Friday, reaching $65.96. The stock had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.23 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50 day moving average price is $62.87 and its 200-day moving average price is $60.18. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54.

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

PayPal 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.