Heck Capital Advisors LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heck Capital Advisors LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,657 shares of the credit services provider's stock, valued at approximately $397,000.

A number of other large investors have also modified their holdings of the stock. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% in the fourth 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. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp boosted 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 purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PYPL. Susquehanna boosted their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Wolfe Research raised 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. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research report on Wednesday. Citigroup upped their target price on PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Phillip Securities restated an "accumulate" rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.29.

PayPal Trading Up 1.5 %

Shares of PYPL stock traded up $1.18 during mid-day trading on Wednesday, reaching $78.91. 15,407,879 shares of the stock traded hands, compared to its average volume of 10,821,806. 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 company has a market cap of $79.11 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The stock's fifty day simple moving average is $88.01 and its two-hundred day simple moving average is $79.39.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.58 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.