Van Cleef Asset Management Inc Acquires 1,000 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Van Cleef Asset Management Inc boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,110 shares of the credit services provider’s stock after acquiring an additional 1,000 shares during the period. Van Cleef Asset Management Inc’s holdings in PayPal were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PayPal during the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. lifted its position in PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in PayPal during the third quarter valued at approximately $33,000. Criterion Capital Advisors LLC acquired a new position in PayPal during the 4th quarter valued at approximately $37,000. Finally, Beacon Capital Management LLC increased its stake in PayPal by 58.6% during the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $0.74 during midday trading on Thursday, hitting $64.10. The company’s stock had a trading volume of 11,694,753 shares, compared to its average volume of 16,248,546. The business’s 50 day simple moving average is $62.65 and its 200 day simple moving average is $60.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $67.47 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share 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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.01 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PYPL shares. Evercore ISI upped their price target on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. William Blair restated an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. JPMorgan Chase & Co. cut their price target on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. JMP Securities upped their price target on shares of PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 17th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and an average target price of $70.47.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal 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 completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.