Ritholtz Wealth Management Buys 6,402 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ritholtz Wealth Management grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 135.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,126 shares of the credit services provider's stock after purchasing an additional 6,402 shares during the quarter. Ritholtz Wealth Management's holdings in PayPal were worth $950,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its holdings 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 buying an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the 3rd quarter worth about $26,000. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% during 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. Planning Capital Management Corp increased its holdings in shares of 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 purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its position in shares of 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 in the last quarter. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. Fourteen 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.32.

PayPal Trading Up 3.3 %

PYPL stock traded up $2.89 during midday trading on Monday, hitting $91.81. The stock had a trading volume of 16,468,435 shares, compared to its average volume of 6,562,702. 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 firm 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 business has a fifty day moving average price of $87.40 and a two-hundred day moving average price of $76.97. 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 announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the business earned $0.97 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

PayPal Company 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.