Montag A & Associates Inc. Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Montag A & Associates Inc. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,391 shares of the credit services provider’s stock after purchasing an additional 3,179 shares during the quarter. Montag A & Associates Inc.’s holdings in PayPal were worth $5,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Myriad Asset Management US LP bought a new stake in shares of PayPal during the fourth quarter valued at about $2,171,000. ABC Arbitrage SA bought a new stake in PayPal during the 4th quarter worth approximately $1,340,000. Roman Butler Fullerton & Co. increased its holdings in PayPal by 1.7% during the 4th quarter. Roman Butler Fullerton & Co. now owns 9,438 shares of the credit services provider’s stock worth $852,000 after acquiring an additional 154 shares during the period. Autumn Glory Partners LLC bought a new position in PayPal in the 4th quarter valued at $341,000. Finally, Asset Planning Inc purchased a new position in shares of PayPal during the 4th quarter valued at $46,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Macquarie lifted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt increased their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Price Performance

PYPL stock opened at $77.97 on Friday. The stock has a market capitalization of $77.13 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44. The firm’s 50-day moving average price is $86.42 and its two-hundred day moving average price is $80.14. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) 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 company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the business earned $1.48 EPS. PayPal’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.