Synergy Financial Group LTD Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Synergy Financial Group LTD raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,916 shares of the credit services provider’s stock after buying an additional 1,861 shares during the quarter. Synergy Financial Group LTD’s holdings in PayPal were worth $590,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC increased its holdings in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal during the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC purchased a new stake in PayPal in the 3rd quarter valued at $810,000. FCG Investment Co acquired a new stake in PayPal during the third quarter worth about $1,079,000. Finally, Equity Investment Corp raised its position in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PayPal stock opened at $75.25 on Tuesday. The company has a market cap of $74.44 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The business has a 50 day moving average price of $84.86 and a 200-day moving average price of $80.96. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research analyst reports. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Monness Crespi & Hardt raised their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Piper Sandler lifted their price objective on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.