PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,539 shares of the credit services provider's stock after acquiring an additional 3,917 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in PayPal were worth $7,813,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PYPL. Bruce G. Allen Investments LLC increased its holdings in shares of 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 purchasing an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in 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 buying an additional 125 shares in the last quarter. Wynn Capital LLC lifted its position in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after acquiring an additional 130 shares during the period. Brave Asset Management Inc. boosted its stake in shares of PayPal by 5.2% during the 4th 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 in the last quarter. Finally, First United Bank & Trust increased its stake in PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock valued at $187,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on PYPL shares. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price for the company in a report on Friday, December 13th. Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Robert W. Baird lifted their price objective on PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.32.

PayPal Stock Up 3.3 %

PYPL traded up $2.89 during trading on Monday, hitting $91.81. The company had a trading volume of 16,468,435 shares, compared to its average volume of 6,562,702. The company has a market cap of $92.04 billion, a PE ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The business has a 50-day moving average of $87.40 and a 200-day moving average of $76.97.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts' expectations 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 quarter last year, the company posted $0.97 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current 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.