Ibex Wealth Advisors Acquires New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ibex Wealth Advisors acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,154 shares of the credit services provider's stock, valued at approximately $2,659,000.

A number of other large investors have also recently added to or reduced their stakes in PYPL. Algert Global LLC bought a new stake in shares of PayPal during the second quarter worth $435,000. Creative Planning grew its stake in shares of PayPal by 3.4% in the second quarter. Creative Planning now owns 307,093 shares of the credit services provider's stock worth $17,821,000 after purchasing an additional 10,034 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in PayPal by 14.0% in the second quarter. Sunbelt Securities Inc. now owns 20,334 shares of the credit services provider's stock valued at $1,180,000 after buying an additional 2,503 shares during the period. EP Wealth Advisors LLC lifted its holdings in PayPal by 10.8% in the second quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider's stock valued at $641,000 after buying an additional 1,075 shares during the period. Finally, Greenvale Capital LLP lifted its holdings in PayPal by 24.4% in the second quarter. Greenvale Capital LLP now owns 2,675,000 shares of the credit services provider's stock valued at $155,230,000 after buying an additional 525,000 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.6 %

Shares of PYPL traded up $0.57 during trading hours 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 firm has a fifty day moving average price of $87.96 and a 200-day moving average price of $78.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock 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. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Sanford C. Bernstein downgraded shares of PayPal from an "outperform" rating to a "market perform" rating and increased their target price for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Barclays increased their target price on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. BMO Capital Markets increased their target price on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average target price of $89.48.

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.