Verus Capital Partners LLC Has $2.20 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Verus Capital Partners LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,787 shares of the credit services provider’s stock after buying an additional 4,453 shares during the period. Verus Capital Partners LLC’s holdings in PayPal were worth $2,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted 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 purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of PayPal by 186.1% in the 3rd 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 period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PayPal in the 3rd quarter worth approximately $36,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.8 %

Shares of PayPal stock opened at $70.73 on Friday. The business has a fifty day simple moving average of $83.93 and a 200 day simple moving average of $80.89. The stock has a market cap of $69.97 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $56.97 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 the consensus estimate 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 return on equity of 23.67% and a net margin of 13.04%. The company’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 company earned $1.48 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.97.

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.