Arnhold LLC Makes New $8.85 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arnhold LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 144,113 shares of the credit services provider’s stock, valued at approximately $8,850,000.

Other institutional investors also recently modified their holdings of the company. Hartford Financial Management Inc. boosted its holdings in shares of PayPal by 18.8% in the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its position in PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. increased its position in PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock worth $841,000 after buying an additional 180 shares in the last quarter. Waldron Private Wealth LLC raised its stake in shares of PayPal by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after buying an additional 182 shares during the period. Finally, New World Advisors LLC lifted its position in shares of PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after buying an additional 185 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on 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 accessible through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Up 1.4 %

Shares of PYPL traded up $0.93 during trading hours on Tuesday, hitting $67.92. The company had a trading volume of 43,146,336 shares, compared to its average volume of 16,583,006. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The company’s fifty day moving average price is $63.21 and its two-hundred day moving average price is $60.35. The company has a market capitalization of $71.50 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of several analyst reports. Argus downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Wells Fargo & Company upped their price objective on PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Citigroup decreased their target price on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. UBS Group increased their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Susquehanna boosted their target price on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Twenty-four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of “Hold” and an average target price of $70.72.

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.