Whitaker Myers Wealth Managers LTD. Acquires Shares of 3,816 PayPal Holdings, Inc. (NASDAQ:PYPL)

Whitaker Myers Wealth Managers LTD. bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,816 shares of the credit services provider's stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased 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 position in shares of PayPal during the third quarter worth $26,000. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying 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 buying an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of PayPal by 125.3% during the third 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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PYPL shares. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target for the company in a report on Friday, December 13th. BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Barclays increased their price objective on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, Sanford C. Bernstein downgraded PayPal from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.32.

PayPal Stock Up 3.3 %

Shares of PYPL stock traded up $2.89 on Friday, reaching $91.81. 16,468,435 shares of the company were exchanged, compared to its average volume of 6,562,702. The company has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44. The company has a 50-day moving average of $87.40 and a 200-day moving average of $76.85. 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 Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current 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.