Strategic Financial Concepts LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,960 shares of the credit services provider's stock, valued at approximately $423,000.
Other large investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton increased its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp increased its stake in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its stake in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on PYPL shares. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Robert W. Baird decreased their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and raised their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $90.52.
Check Out Our Latest Report on PayPal
PayPal Stock Performance
PYPL stock traded down $2.68 on Friday, reaching $74.95. 15,156,060 shares of the company were exchanged, compared to its average volume of 11,485,007. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock's fifty day moving average price is $85.50 and its 200 day moving average price is $80.53. The firm has a market capitalization of $74.14 billion, a PE ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
About PayPal
(
Free Report)
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.
See Also
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