Wealthspire Advisors LLC Acquires 1,074 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Wealthspire Advisors LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,544 shares of the credit services provider’s stock after purchasing an additional 1,074 shares during the quarter. Wealthspire Advisors LLC’s holdings in PayPal were worth $1,327,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PYPL. Park Place Capital Corp grew its holdings in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. JFS Wealth Advisors LLC grew its stake in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after buying an additional 125 shares during the last quarter. Wynn Capital LLC lifted its position in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Brave Asset Management Inc. boosted its holdings in PayPal by 5.2% during the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 0.4 %

Shares of PYPL opened at $75.25 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $74.44 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.27 and a beta of 1.44. The stock has a fifty day moving average price of $84.86 and a two-hundred day moving average price of $80.96. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly 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 return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, UBS Group raised their price target 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. Fourteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

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.