RDA Financial Network Buys 800 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

RDA Financial Network raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,682 shares of the credit services provider’s stock after acquiring an additional 800 shares during the quarter. RDA Financial Network’s holdings in PayPal were worth $314,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empirical Asset Management LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $1,037,000. Cvfg LLC acquired a new stake in PayPal during the 4th quarter valued at $208,000. Ritholtz Wealth Management raised its position in PayPal by 135.5% in the 4th quarter. Ritholtz Wealth Management now owns 11,126 shares of the credit services provider’s stock valued at $950,000 after purchasing an additional 6,402 shares during the last quarter. Carnegie Investment Counsel boosted its stake in PayPal by 29.7% in the fourth quarter. Carnegie Investment Counsel now owns 285,232 shares of the credit services provider’s stock worth $24,345,000 after purchasing an additional 65,343 shares in the last quarter. Finally, HCR Wealth Advisors bought a new stake in shares of PayPal during the fourth quarter worth $238,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $91.81 on Friday. 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 stock has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.42 and a beta of 1.44. The business has a 50 day simple moving average of $87.23 and a 200 day simple moving average of $76.49. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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. The company 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 firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Robert W. Baird boosted their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.