Kornitzer Capital Management Inc. KS Raises Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Kornitzer Capital Management Inc. KS raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 285,058 shares of the credit services provider's stock after purchasing an additional 5,046 shares during the period. Kornitzer Capital Management Inc. KS's holdings in PayPal were worth $24,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PYPL. Park Place Capital Corp boosted its holdings in PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after buying an additional 125 shares during the last quarter. Wynn Capital LLC boosted its stake in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after buying an additional 130 shares during 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 worth $241,000 after acquiring an additional 141 shares during the period. Institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Phillip Securities reissued an "accumulate" rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Macquarie increased their price target on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Piper Sandler boosted their price objective on shares of PayPal from $88.00 to $93.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average target price of $90.52.

PayPal Price Performance

Shares of PYPL stock traded down $2.68 during trading hours on Friday, hitting $74.95. The stock had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock's 50-day moving average price is $85.50 and its two-hundred day moving average price is $80.53.

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

PayPal Company 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.