PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Summerhill Capital Management lnc.

Summerhill Capital Management lnc. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 25.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,231 shares of the credit services provider's stock after buying an additional 23,530 shares during the quarter. PayPal makes up 7.4% of Summerhill Capital Management lnc.'s holdings, making the stock its 5th biggest holding. Summerhill Capital Management lnc.'s holdings in PayPal were worth $9,920,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Aspen Investment Management Inc boosted its holdings in PayPal by 19.2% during the fourth quarter. Aspen Investment Management Inc now owns 16,056 shares of the credit services provider's stock worth $1,370,000 after purchasing an additional 2,590 shares during the last quarter. ING Groep NV purchased a new stake in PayPal in the fourth quarter valued at approximately $592,000. Hussman Strategic Advisors Inc. bought a new stake in PayPal in the 4th quarter worth approximately $1,792,000. First Bank & Trust boosted its position in PayPal by 5.6% during the fourth quarter. First Bank & Trust now owns 4,240 shares of the credit services provider's stock valued at $362,000 after buying an additional 224 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of PayPal by 13.3% in the fourth quarter. Handelsbanken Fonder AB now owns 395,145 shares of the credit services provider's stock worth $33,726,000 after buying an additional 46,380 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the subject of a number of research reports. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Phillip Securities reiterated an "accumulate" rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Macquarie lifted their target price on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.52.

PayPal Trading Down 3.5 %

Shares of PYPL stock traded down $2.68 during trading hours on Friday, reaching $74.95. The company had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a 50 day moving average of $85.50 and a 200 day moving average of $80.53. The firm has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 23.67% and a net margin of 13.04%. The company'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 company earned $1.48 EPS. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS 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.