Venturi Wealth Management LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 132.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,757 shares of the credit services provider's stock after buying an additional 3,848 shares during the period. Venturi Wealth Management LLC's holdings in PayPal were worth $577,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC raised its position in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after buying an additional 10,419,351 shares during the period. Primecap Management Co. CA increased its position in PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal during the 3rd quarter worth about $387,435,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.
PayPal Stock Down 3.4 %
Shares of PayPal stock traded down $2.67 during trading on Friday, hitting $74.97. The company's stock had a trading volume of 9,480,235 shares, compared to its average volume of 11,306,862. The company has a fifty day simple moving average of $85.50 and a two-hundred day simple moving average of $80.53. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a market capitalization of $74.16 billion, a PE ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on PYPL. Citigroup raised their price target on PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. BMO Capital Markets upped their price objective on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Barclays boosted their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average price target of $90.52.
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About PayPal
(
Free Report)
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.
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