Asset Planning Inc Purchases Shares of 538 PayPal Holdings, Inc. (NASDAQ:PYPL)

Asset Planning Inc purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 538 shares of the credit services provider’s stock, valued at approximately $46,000.

A number of other large investors have also recently bought and sold shares of the stock. Relyea Zuckerberg Hanson LLC grew its holdings in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal during the third quarter worth $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the third quarter worth $810,000. FCG Investment Co bought a new stake in shares of PayPal during the third quarter worth $1,079,000. Finally, Equity Investment Corp grew its holdings in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 1.8 %

NASDAQ:PYPL opened at $77.97 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The company has a market cap of $77.13 billion, a PE ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The stock has a 50-day simple moving average of $86.66 and a 200 day simple moving average of $80.01.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PYPL shares. UBS Group increased their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Citigroup upped their price target on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

About PayPal

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.