Symphony Financial Ltd. Co. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Symphony Financial Ltd. Co. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,259 shares of the credit services provider's stock, valued at approximately $292,000.

Other large investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the 4th 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 raised 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 during the last quarter. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in 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 acquiring an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 1.7 %

PYPL traded up $1.33 during trading hours on Wednesday, reaching $79.06. The company's stock had a trading volume of 15,854,632 shares, compared to its average volume of 10,847,286. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The business's 50-day moving average is $88.01 and its 200-day moving average is $79.39. The stock has a market cap of $79.26 billion, a PE ratio of 18.86, a P/E/G ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

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 for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of several analyst reports. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday. Morgan Stanley lowered their price objective on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating for the company in a research report on Wednesday. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday. Fourteen investment 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 company's stock. According to data from MarketBeat, PayPal has a consensus rating of "Moderate Buy" and a consensus target price of $89.29.

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.