Ieq Capital LLC Purchases 106,236 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ieq Capital LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 67.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 264,371 shares of the credit services provider's stock after buying an additional 106,236 shares during the quarter. Ieq Capital LLC's holdings in PayPal were worth $22,564,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter worth $26,000. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% during the fourth 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 period. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp grew its position in shares of 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 buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. raised 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 worth $34,000 after acquiring an additional 243 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of PYPL traded down $2.31 during trading hours on Friday, reaching $75.32. 10,658,206 shares of the company traded hands, compared to its average volume of 11,335,099. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock's fifty day moving average is $85.50 and its 200 day moving average is $80.53. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a market cap of $74.51 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 EPS. The business's revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, February 5th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their target price on shares of PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average target price of $90.52.

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.