D.A. Davidson & CO. Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

D.A. Davidson & CO. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,771 shares of the credit services provider's stock after purchasing an additional 65,374 shares during the quarter. D.A. Davidson & CO.'s holdings in PayPal were worth $22,769,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PYPL. Rosenberg Matthew Hamilton increased its position 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 in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp increased its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after buying an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL traded down $2.68 during trading on Friday, reaching $74.95. 15,156,060 shares of the stock were exchanged, compared to its average volume of 11,485,007. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.44. The business's 50 day moving average price is $85.50 and its two-hundred day moving average price is $80.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a report on Monday, October 28th. BMO Capital Markets raised their price target on PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.52.

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.