Toth Financial Advisory Corp raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 275.7% during the 4th quarter, Holdings Channel reports. The firm owned 10,200 shares of the credit services provider’s stock after buying an additional 7,485 shares during the quarter. Toth Financial Advisory Corp’s holdings in PayPal were worth $871,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter valued at $26,000. Rosenberg Matthew Hamilton raised its stake in shares of PayPal by 67.6% during the 4th 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 last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% in 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 during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in shares of 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 buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on PYPL. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. UBS Group boosted their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Macquarie raised their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.48.
PayPal Price Performance
PayPal stock opened at $89.11 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $87.76 and a 200 day moving average price of $77.79. 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 $89.34 billion, a P/E ratio of 21.27, a PEG ratio of 1.54 and a beta of 1.44.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than PayPal
- How is Compound Interest Calculated?
- Bloom Energy: Powering the Future With Decentralized Energy
- What is the Shanghai Stock Exchange Composite Index?
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Transportation Stocks Investing
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.