2,724 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,724 shares of the credit services provider's stock, valued at approximately $232,000.

Several other hedge funds have also modified their holdings of PYPL. Mizuho Securities USA LLC grew its holdings in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock worth $819,315,000 after acquiring an additional 10,419,351 shares in the last quarter. FMR LLC lifted its position in shares of PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter worth $387,435,000. Clearbridge Investments LLC increased its holdings in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider's stock valued at $493,907,000 after buying an additional 1,866,925 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider's stock valued at $87,336,000 after buying an additional 1,108,030 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent analyst reports. Sanford C. Bernstein downgraded PayPal from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Robert W. Baird boosted their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Finally, Morgan Stanley boosted their price target on shares of PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.32.

PayPal Price Performance

NASDAQ:PYPL traded up $2.89 during trading hours on Monday, hitting $91.81. The company's stock had a trading volume of 16,468,435 shares, compared to its average volume of 6,562,702. The company has a market capitalization of $92.04 billion, a PE ratio of 21.91, a PEG ratio of 1.42 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. The business's 50-day moving average is $87.40 and its two-hundred day moving average is $76.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter last year, the business earned $0.97 earnings per share. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal 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.