Iams Wealth Management LLC Buys New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Iams Wealth Management LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,380 shares of the credit services provider's stock, valued at approximately $715,000.

Other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp increased its holdings in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after buying an additional 116 shares during the period. Bruce G. Allen Investments LLC lifted its stake in PayPal by 7.4% in 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 buying an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC grew its position in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Brave Asset Management Inc. grew its holdings 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 valued at $241,000 after purchasing an additional 141 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research reports. Phillip Securities restated an "accumulate" rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Citigroup upped their price target on PayPal from $94.00 to $97.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Mizuho raised their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their price objective on PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $89.48.

PayPal Trading Up 0.6 %

Shares of NASDAQ:PYPL traded up $0.57 on Wednesday, hitting $88.76. The company had a trading volume of 5,221,156 shares, compared to its average volume of 8,227,004. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The firm has a market capitalization of $88.99 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.54 and a beta of 1.44. The firm's 50-day simple moving average is $87.96 and its two-hundred day simple moving average is $78.46.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share 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 analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

About PayPal

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.