PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,892 shares of the credit services provider’s stock after buying an additional 403 shares during the quarter. Money Concepts Capital Corp’s holdings in PayPal were worth $1,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC increased its holdings in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new position in PayPal in the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC purchased a new position in PayPal during the 3rd quarter worth approximately $810,000. FCG Investment Co acquired a new stake in PayPal during the 3rd quarter valued at approximately $1,079,000. Finally, Equity Investment Corp boosted its holdings in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 1.9 %

Shares of NASDAQ PYPL opened at $79.20 on Thursday. The stock has a market cap of $79.40 billion, a PE ratio of 18.90, a P/E/G ratio of 1.49 and a beta of 1.44. The company has a 50-day moving average of $88.01 and a 200 day moving average of $79.39. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Mizuho lifted their price target on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Susquehanna upped their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.29.

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.