Ibex Wealth Advisors Invests $2.66 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ibex Wealth Advisors acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,154 shares of the credit services provider’s stock, valued at approximately $2,659,000.

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

PayPal Stock Performance

Shares of PYPL stock traded up $0.33 during trading on Wednesday, hitting $88.52. The company’s stock had a trading volume of 681,473 shares, compared to its average volume of 7,960,800. The company has a market cap of $88.75 billion, a PE ratio of 21.12, a P/E/G ratio of 1.54 and a beta of 1.44. 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 Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The business has a fifty day moving average of $87.96 and a 200-day moving average of $78.46.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company earned $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research reports. Stephens boosted their price objective on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Phillip Securities reissued an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods raised their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Monness Crespi & Hardt upped their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Fourteen research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Profile

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.