Arkadios Wealth Advisors Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arkadios Wealth Advisors raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,867 shares of the credit services provider’s stock after buying an additional 199 shares during the period. Arkadios Wealth Advisors’ holdings in PayPal were worth $4,683,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton boosted its stake in shares of PayPal by 67.6% during 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. SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Finally, Planning Capital Management Corp lifted its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 3.3 %

PayPal stock opened at $91.81 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a market cap of $92.04 billion, a PE ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50-day simple moving average is $87.23 and its two-hundred day simple moving average is $76.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share 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 for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their price target on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Monness Crespi & Hardt raised their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Morgan Stanley upped their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

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.