PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by PFG Investments LLC

PFG Investments LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,678 shares of the credit services provider’s stock after acquiring an additional 741 shares during the quarter. PFG Investments LLC’s holdings in PayPal were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Sei Investments Co. increased its stake in PayPal by 35.4% during the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after buying an additional 38,488 shares during the period. APG Asset Management N.V. increased its stake in PayPal by 165.2% in the 2nd quarter. APG Asset Management N.V. now owns 123,808 shares of the credit services provider’s stock valued at $6,704,000 after buying an additional 77,124 shares during the period. Algert Global LLC purchased a new position in shares of PayPal during the 2nd quarter worth approximately $435,000. Creative Planning raised its position in PayPal by 3.4% in the second quarter. Creative Planning now owns 307,093 shares of the credit services provider’s stock worth $17,821,000 after acquiring an additional 10,034 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in PayPal by 14.0% in the second quarter. Sunbelt Securities Inc. now owns 20,334 shares of the credit services provider’s stock valued at $1,180,000 after acquiring an additional 2,503 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

PayPal stock opened at $90.24 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $87.76 and a 200 day simple moving average of $78.05. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The stock has a market capitalization of $90.47 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Stephens upped their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

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.