Midwest Financial Group LLC Has $268,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Midwest Financial Group LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,139 shares of the credit services provider’s stock after buying an additional 150 shares during the period. Midwest Financial Group LLC’s holdings in PayPal were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp raised its holdings in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 116 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Wynn Capital LLC boosted its stake in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Brave Asset Management Inc. raised its position in shares of PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.3 %

Shares of NASDAQ:PYPL opened at $89.44 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $89.66 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a 50-day simple moving average of $87.62 and a 200 day simple moving average of $77.49.

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 company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Company boosted their target price on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Morgan Stanley increased their price target on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Fourteen equities 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. Based on data from MarketBeat, 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.