Relyea Zuckerberg Hanson LLC Buys 3,976 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Relyea Zuckerberg Hanson LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 113.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,470 shares of the credit services provider's stock after purchasing an additional 3,976 shares during the period. Relyea Zuckerberg Hanson LLC's holdings in PayPal were worth $638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of 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 purchasing an additional 125 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PYPL shares. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Bank of America raised PayPal from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.32.

PayPal Price Performance

Shares of PYPL traded up $2.89 during trading hours on Friday, reaching $91.81. 16,468,435 shares of the stock traded hands, compared to its average volume of 8,520,381. The company has a market cap of $92.04 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $87.23 and its two-hundred day moving average price is $76.49. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. On average, analysts anticipate 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.