PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 67.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,306 shares of the credit services provider's stock after purchasing an additional 8,590 shares during the quarter. Perigon Wealth Management LLC's holdings in PayPal were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp grew its position in 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 purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its position in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after buying an additional 243 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Stephens increased their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. 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. Morgan Stanley increased their target price on PayPal from $76.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.48.

PayPal Stock Up 0.9 %

NASDAQ:PYPL traded up $0.81 during mid-day trading on Thursday, reaching $89.57. The company's stock had a trading volume of 7,700,074 shares, compared to its average volume of 8,199,924. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $89.80 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The stock has a fifty day moving average of $88.04 and a 200-day moving average of $78.53. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share 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.