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3,161 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Albert D Mason Inc.

PayPal logo with Computer and Technology background

Albert D Mason Inc. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,161 shares of the credit services provider's stock, valued at approximately $270,000.

A number of other hedge funds have also recently added to or reduced their stakes in PYPL. Bruce G. Allen Investments LLC raised its holdings in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton increased its position 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 buying an additional 125 shares during the last quarter. Wynn Capital LLC raised its holdings in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after buying an additional 130 shares in the last quarter. Brave Asset Management Inc. lifted its position in shares of PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock worth $241,000 after buying an additional 141 shares during the last quarter. Finally, First United Bank & Trust boosted its stake in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Oppenheimer assumed coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Stephens upped their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.32.

Get Our Latest Stock Analysis on PayPal

PayPal Price Performance

PayPal stock traded up $2.89 during mid-day trading on Friday, hitting $91.81. 16,468,435 shares of the company were exchanged, compared to its average volume of 6,562,702. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $87.40 and a 200 day moving average of $76.72. The company has a market capitalization of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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