12,148 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,148 shares of the credit services provider's stock, valued at approximately $1,037,000.

A number of other large investors also recently bought and sold shares of PYPL. World Investment Advisors LLC acquired a new position in shares of PayPal in the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC acquired a new position in PayPal during the third quarter worth $810,000. FCG Investment Co purchased a new position in shares of PayPal during the third quarter worth $1,079,000. Equity Investment Corp grew its stake in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. raised its holdings in shares of PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock valued at $3,253,000 after buying an additional 17,003 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on PYPL shares. BMO Capital Markets lifted their target price on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Stephens increased their price objective on PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Sanford C. Bernstein downgraded shares of PayPal from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Morgan Stanley raised their price target on PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average price target of $89.32.

PayPal Stock Performance

Shares of PYPL stock traded up $2.89 during trading hours on Friday, reaching $91.81. 16,468,435 shares of the company's stock were exchanged, compared to its average volume of 6,562,702. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a market cap of $92.04 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company's 50 day moving average is $87.40 and its two-hundred day moving average is $76.85.

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 analysts' consensus estimates of $1.07 by $0.13. The business 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 business's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

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.