Allen Capital Group LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Allen Capital Group LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,230 shares of the credit services provider’s stock after purchasing an additional 1,422 shares during the period. Allen Capital Group LLC’s holdings in PayPal were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC raised its stake in 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 purchasing an additional 272 shares during the period. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% during the 3rd 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 during the last quarter. Finally, Financial Management Professionals Inc. grew its position in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PYPL. JPMorgan Chase & Co. increased their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Fourteen investment 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.48.

PayPal Stock Performance

PYPL opened at $88.25 on Wednesday. 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 1-year low of $55.77 and a 1-year high of $93.66. The company has a market cap of $88.48 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.54 and a beta of 1.44. The company’s fifty day moving average price is $87.96 and its two-hundred day moving average price is $78.46.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 4.58 EPS 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.