Soltis Investment Advisors LLC Has $243,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Soltis Investment Advisors LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,849 shares of the credit services provider’s stock after purchasing an additional 267 shares during the period. Soltis Investment Advisors LLC’s holdings in PayPal were worth $243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Ritholtz Wealth Management boosted its holdings in shares of PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 152 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of PayPal during the third quarter valued at approximately $177,000. Harrington Investments INC raised its position in PayPal by 3.2% in the 3rd quarter. Harrington Investments INC now owns 31,304 shares of the credit services provider’s stock worth $2,443,000 after purchasing an additional 960 shares during the last quarter. CX Institutional lifted its holdings in PayPal by 47.1% during the 3rd quarter. CX Institutional now owns 7,385 shares of the credit services provider’s stock worth $576,000 after buying an additional 2,366 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of PayPal by 9.8% in the 3rd quarter. Swedbank AB now owns 695,283 shares of the credit services provider’s stock valued at $54,253,000 after buying an additional 62,060 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 2.6 %

PayPal stock opened at $76.21 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 moving average of $87.35 and a 200-day moving average of $79.93. The company has a market cap of $75.39 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66.

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

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt boosted their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Company 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.