Simon Quick Advisors LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Simon Quick Advisors LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.3% in the 4th quarter, Holdings Channel reports. The firm owned 10,583 shares of the credit services provider’s stock after buying an additional 1,859 shares during the period. Simon Quick Advisors LLC’s holdings in PayPal were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC grew its stake in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the period. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Wynn Capital LLC grew its position in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after buying an additional 130 shares during the period. Brave Asset Management Inc. increased its holdings in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after buying an additional 141 shares during the last quarter. Finally, First United Bank & Trust raised its position in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 145 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PYPL shares. BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Piper Sandler restated a “neutral” rating and issued a $88.00 price target on shares of PayPal in a research report on Friday, November 22nd. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Finally, Stephens raised their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

PayPal Price Performance

PYPL stock opened at $89.85 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The stock has a market cap of $90.08 billion, a PE ratio of 21.44, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a 50-day moving average price of $87.57 and a 200 day moving average price of $77.41.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 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 firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research 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.