Allen Capital Group LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Allen Capital Group LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,771 shares of the credit services provider’s stock after buying an additional 1,996 shares during the period. Allen Capital Group LLC’s holdings in PayPal were worth $1,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in shares of PayPal by 110,462.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after purchasing an additional 17,120,572 shares during the last quarter. Norges Bank acquired a new position in PayPal during the 4th quarter valued at about $1,022,333,000. Clearbridge Investments LLC boosted its stake in PayPal by 122.0% during the 1st quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock valued at $720,555,000 after purchasing an additional 3,424,122 shares during the period. Nuveen Asset Management LLC boosted its stake in PayPal by 36.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider’s stock valued at $718,755,000 after purchasing an additional 2,862,766 shares during the period. Finally, Nordea Investment Management AB boosted its stake in PayPal by 420.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after purchasing an additional 2,616,774 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. decreased their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Finally, Wells Fargo & Company boosted their target price on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.47.

PayPal Price Performance

Shares of PYPL traded down $0.08 during trading hours on Tuesday, hitting $63.43. The stock had a trading volume of 9,861,411 shares, compared to its average volume of 16,844,643. The company’s fifty day moving average is $62.16 and its two-hundred day moving average is $59.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95. The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.47 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.88 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the 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 sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.