PayPal Holdings, Inc. (NASDAQ:PYPL) is Summerhill Capital Management lnc.’s 5th Largest Position

Summerhill Capital Management lnc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,231 shares of the credit services provider’s stock after buying an additional 23,530 shares during the period. PayPal accounts for approximately 7.4% of Summerhill Capital Management lnc.’s portfolio, making the stock its 5th biggest holding. Summerhill Capital Management lnc.’s holdings in PayPal were worth $9,920,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter valued at about $26,000. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% during 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 in the last quarter. Sugarloaf Wealth Management LLC raised its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp grew its position in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

NASDAQ:PYPL opened at $77.63 on Friday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm has a 50 day moving average of $85.73 and a 200-day moving average of $80.55. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $76.79 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

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, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PYPL shares. The Goldman Sachs Group raised their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price target on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. 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.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.