Caprock Group LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Caprock Group LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 47.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,244 shares of the credit services provider's stock after purchasing an additional 11,673 shares during the period. Caprock Group LLC's holdings in PayPal were worth $3,093,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Narus Financial Partners LLC boosted its holdings in PayPal by 6.4% in the 4th quarter. Narus Financial Partners LLC now owns 4,098 shares of the credit services provider's stock worth $350,000 after buying an additional 245 shares during the period. Mediolanum International Funds Ltd increased its position in shares of PayPal by 121.5% in the fourth quarter. Mediolanum International Funds Ltd now owns 61,176 shares of the credit services provider's stock worth $5,213,000 after purchasing an additional 33,555 shares during the last quarter. Crews Bank & Trust purchased a new position in PayPal in the fourth quarter worth $341,000. OLD National Bancorp IN increased its position in shares of PayPal by 14.3% during the 4th quarter. OLD National Bancorp IN now owns 104,640 shares of the credit services provider's stock valued at $8,931,000 after purchasing an additional 13,086 shares during the last quarter. Finally, DMC Group LLC raised its stake in shares of PayPal by 10.4% during the fourth quarter. DMC Group LLC now owns 7,793 shares of the credit services provider's stock worth $665,000 after acquiring an additional 737 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PYPL. Stephens boosted their price objective on PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Finally, Morgan Stanley dropped their price target on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a report on Wednesday. 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.29.

PayPal Stock Up 1.9 %

Shares of PayPal stock traded up $1.48 during trading on Wednesday, reaching $79.20. The company had a trading volume of 23,626,969 shares, compared to its average volume of 11,208,275. The firm's fifty day moving average is $88.01 and its 200-day moving average is $79.39. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a market cap of $79.40 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. 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 results 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 company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

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.