Impact Partnership Wealth LLC Buys 777 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Impact Partnership Wealth LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.8% in the 4th quarter, HoldingsChannel reports. The firm owned 10,711 shares of the credit services provider’s stock after acquiring an additional 777 shares during the quarter. Impact Partnership Wealth LLC’s holdings in PayPal were worth $914,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton boosted its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its stake in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PYPL shares. UBS Group upped their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Macquarie increased their price target on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their price target 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. Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Finally, Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Performance

Shares of PYPL stock opened at $89.73 on Friday. The firm has a market cap of $89.96 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. The company’s 50 day moving average is $87.62 and its 200 day moving average is $77.49. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.