Avanza Fonder AB purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 69,599 shares of the credit services provider's stock, valued at approximately $5,940,000.
Several other institutional investors have also added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton increased its position 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 purchasing an additional 125 shares during the period. SYSTM Wealth Solutions LLC increased its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 167 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.
PayPal Trading Up 3.3 %
Shares of PayPal stock traded up $2.89 on Friday, reaching $91.81. The company had a trading volume of 16,468,435 shares, compared to its average volume of 8,520,381. The firm has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm's 50-day moving average price is $87.23 and its two-hundred day moving average price is $76.49. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.
Analyst Ratings Changes
PYPL has been the topic of several research reports. Mizuho lifted their price objective on PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Canaccord Genuity Group increased their price objective on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Phillip Securities reiterated an "accumulate" rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus target price of $89.32.
Check Out Our Latest Report on PYPL
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.
Further Reading
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