Kingsview Wealth Management LLC Raises Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Kingsview Wealth Management LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.6% in the fourth quarter, HoldingsChannel reports. The firm owned 22,646 shares of the credit services provider’s stock after purchasing an additional 4,328 shares during the quarter. Kingsview Wealth Management LLC’s holdings in PayPal were worth $1,933,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Apollon Wealth Management LLC raised its position in shares of PayPal by 19.1% during the 4th quarter. Apollon Wealth Management LLC now owns 27,746 shares of the credit services provider’s stock valued at $2,368,000 after buying an additional 4,442 shares in the last quarter. Byrne Asset Management LLC increased its stake in PayPal by 6.7% during the fourth quarter. Byrne Asset Management LLC now owns 15,028 shares of the credit services provider’s stock worth $1,283,000 after acquiring an additional 950 shares during the last quarter. Vest Financial LLC raised its position in PayPal by 10.6% during the fourth quarter. Vest Financial LLC now owns 6,766 shares of the credit services provider’s stock valued at $577,000 after purchasing an additional 651 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of PayPal by 13.8% in the 4th quarter. Joel Isaacson & Co. LLC now owns 8,989 shares of the credit services provider’s stock valued at $767,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Northstar Group Inc. boosted its holdings in shares of PayPal by 4.9% in the 4th quarter. Northstar Group Inc. now owns 46,114 shares of the credit services provider’s stock worth $3,936,000 after purchasing an additional 2,136 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. The Goldman Sachs Group increased their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Mizuho boosted their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Trading Up 1.2 %

Shares of NASDAQ:PYPL opened at $78.24 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The stock has a market cap of $77.40 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.29 and a beta of 1.44. The business has a 50-day moving average price of $87.52 and a 200-day moving average price of $79.79.

PayPal (NASDAQ:PYPL) last posted its quarterly 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 company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS 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.