Callan Capital LLC Purchases 215 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Callan Capital LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 3,960 shares of the credit services provider’s stock after acquiring an additional 215 shares during the period. Callan Capital LLC’s holdings in PayPal were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PayPal in the fourth quarter worth $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 buying an additional 237 shares during the period. BluePath Capital Management LLC purchased a new position in PayPal during the third quarter valued at $33,000. Beacon Capital Management LLC lifted its position in PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares during the period. Finally, Criterion Capital Advisors LLC purchased a new position in PayPal during the fourth quarter valued at $37,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock traded up $1.86 during trading hours on Friday, reaching $65.96. 14,190,444 shares of the company traded hands, compared to its average volume of 16,223,340. The firm has a 50-day moving average price of $62.87 and a 200 day moving average price of $60.16. 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 12-month low of $50.25 and a 12-month high of $76.54. The company has a market cap of $69.43 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.21 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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 return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $1.01 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent research reports. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. BMO Capital Markets lowered their price objective on PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research report on Thursday, February 8th. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of PayPal in a report on Thursday, March 21st. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.47.

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.