Savant Capital LLC Has $4.62 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Savant Capital LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 147.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,072 shares of the credit services provider’s stock after buying an additional 32,183 shares during the period. Savant Capital LLC’s holdings in PayPal were worth $4,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC grew its stake in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal during the 3rd quarter valued at about $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal in the 3rd quarter valued at approximately $810,000. FCG Investment Co acquired a new position in PayPal in the third quarter worth approximately $1,079,000. Finally, Equity Investment Corp raised its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Down 2.6 %

PYPL stock opened at $76.21 on Wednesday. The stock’s 50 day moving average is $87.35 and its 200-day moving average is $79.93. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market capitalization of $75.39 billion, a PE ratio of 19.01, a P/E/G ratio of 1.29 and a beta of 1.44. 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 (NASDAQ:PYPL) last posted its quarterly earnings data 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 for 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 business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on PYPL shares. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. UBS Group increased their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.52.

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.