Graypoint LLC Has $459,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Graypoint LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% during the fourth quarter, Holdings Channel reports. The fund owned 5,380 shares of the credit services provider’s stock after buying an additional 515 shares during the quarter. Graypoint LLC’s holdings in PayPal were worth $459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PYPL. DekaBank Deutsche Girozentrale grew its position in PayPal by 3.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 584,727 shares of the credit services provider’s stock worth $34,312,000 after buying an additional 17,231 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of PayPal by 44.2% in the second quarter. Meeder Advisory Services Inc. now owns 12,120 shares of the credit services provider’s stock worth $703,000 after purchasing an additional 3,715 shares during the last quarter. 1ST Source Bank raised its stake in PayPal by 11.0% in the second quarter. 1ST Source Bank now owns 15,584 shares of the credit services provider’s stock valued at $904,000 after purchasing an additional 1,539 shares in the last quarter. Parallel Advisors LLC lifted its position in PayPal by 10.6% during the second quarter. Parallel Advisors LLC now owns 75,500 shares of the credit services provider’s stock valued at $4,381,000 after purchasing an additional 7,255 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in PayPal by 523.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 24,217 shares of the credit services provider’s stock worth $1,405,000 after buying an additional 20,332 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $83.36 on Friday. The business’s fifty day moving average is $86.64 and its 200 day moving average is $75.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $83.57 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the business earned $0.97 EPS. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PYPL shares. Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Macquarie upped their price objective on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. JPMorgan Chase & Co. upped their target price on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.65.

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.