Silver Oak Securities Incorporated Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Silver Oak Securities Incorporated lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,310 shares of the credit services provider’s stock after buying an additional 548 shares during the quarter. Silver Oak Securities Incorporated’s holdings in PayPal were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC increased its stake in shares of PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. FMR LLC boosted its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC acquired a new position in PayPal during the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. raised its stake in shares of PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of PayPal by 9,864.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after buying an additional 1,108,030 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock opened at $77.31 on Monday. The stock has a 50-day moving average price of $87.52 and a two-hundred day moving average price of $79.63. The company has a market cap of $76.48 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. 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 $55.77 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Phillip Securities reissued 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. Piper Sandler increased their target price on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.45.

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.