Diversify Wealth Management LLC Purchases 21,575 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Diversify Wealth Management LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 82.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,864 shares of the credit services provider's stock after acquiring an additional 21,575 shares during the quarter. Diversify Wealth Management LLC's holdings in PayPal were worth $3,990,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PYPL. Bruce G. Allen Investments LLC grew its position in shares of PayPal by 7.4% in the third 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 during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of 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 acquiring an additional 125 shares during the last quarter. Wynn Capital LLC raised its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after purchasing an additional 130 shares during the period. Brave Asset Management Inc. grew its position in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock valued at $241,000 after acquiring an additional 141 shares during the period. Finally, First United Bank & Trust increased its stake in PayPal by 6.4% during the third 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 during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ PYPL traded up $2.89 on Monday, reaching $91.81. The company's stock had a trading volume of 16,468,435 shares, compared to its average volume of 6,562,702. The firm has a market cap 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. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The business has a 50-day moving average price of $87.40 and a 200 day moving average price of $76.97.

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

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Citigroup increased their price target on PayPal from $94.00 to $97.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.32.

PayPal Profile

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.