J.W. Cole Advisors Inc. Has $937,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

J.W. Cole Advisors Inc. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,983 shares of the credit services provider’s stock after buying an additional 635 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in PayPal were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PYPL. Park Place Capital Corp increased its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 116 shares during the period. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. Wynn Capital LLC lifted its holdings in shares of PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after buying an additional 130 shares during the last quarter. Brave Asset Management Inc. boosted its position in shares of PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after acquiring an additional 141 shares during the period. Finally, Midwest Financial Group LLC boosted its position in shares of PayPal by 5.0% in the fourth quarter. Midwest Financial Group LLC now owns 3,139 shares of the credit services provider’s stock valued at $268,000 after acquiring an additional 150 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $86.18 and a 200 day simple moving average of $80.45. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The firm has a market cap of $77.77 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.29 and a beta of 1.44.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Canaccord Genuity Group increased their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average 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.