CreativeOne Wealth LLC Has $789,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

CreativeOne Wealth LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,245 shares of the credit services provider’s stock after acquiring an additional 1,784 shares during the period. CreativeOne Wealth LLC’s holdings in PayPal were worth $789,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $27,000. Sugarloaf Wealth Management LLC increased its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of PayPal during the 4th quarter valued at $37,000. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth $37,000. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

NASDAQ PYPL opened at $61.00 on Friday. The company has a market cap of $60.34 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $68.53 and its two-hundred day simple moving average is $79.28. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the firm earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PYPL. Monness Crespi & Hardt dropped their price objective on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley increased their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Bank of America cut their target price on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.84.

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.