Red Door Wealth Management LLC Has $4.10 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Red Door Wealth Management LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% in the fourth quarter, Holdings Channel reports. The firm owned 48,089 shares of the credit services provider’s stock after purchasing an additional 2,872 shares during the quarter. Red Door Wealth Management LLC’s holdings in PayPal were worth $4,104,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PYPL. Avior Wealth Management LLC grew its holdings in shares of PayPal by 5.6% during the fourth quarter. Avior Wealth Management LLC now owns 24,928 shares of the credit services provider’s stock worth $2,128,000 after purchasing an additional 1,321 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its position in shares of PayPal by 4,428.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 220,776 shares of the credit services provider’s stock worth $18,843,000 after purchasing an additional 215,901 shares in the last quarter. Bill Few Associates Inc. grew its stake in PayPal by 2.1% in the fourth quarter. Bill Few Associates Inc. now owns 24,315 shares of the credit services provider’s stock valued at $2,075,000 after acquiring an additional 500 shares during the period. SG Americas Securities LLC increased its stake in PayPal by 104.5% during the 4th quarter. SG Americas Securities LLC now owns 29,624 shares of the credit services provider’s stock valued at $2,528,000 after purchasing an additional 694,266 shares in the last quarter. Finally, Sharp Financial Services LLC increased its position in shares of PayPal by 7.7% during the fourth quarter. Sharp Financial Services LLC now owns 4,875 shares of the credit services provider’s stock worth $416,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $89.73 on Friday. 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 firm has a fifty day moving average of $87.62 and a 200 day moving average of $77.49. The firm has a market cap of $89.96 billion, a PE ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Stephens upped their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Macquarie increased their price objective on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Robert W. Baird upped their price target on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.32.

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.