Greater Midwest Financial Group LLC Acquires 2,289 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Greater Midwest Financial Group LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,001 shares of the credit services provider’s stock after purchasing an additional 2,289 shares during the period. PayPal makes up approximately 1.1% of Greater Midwest Financial Group LLC’s portfolio, making the stock its 22nd biggest position. Greater Midwest Financial Group LLC’s holdings in PayPal were worth $1,792,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Relyea Zuckerberg Hanson LLC boosted its position in shares of 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 acquiring an additional 3,976 shares during the period. World Investment Advisors LLC bought a new position in PayPal in the 3rd quarter worth about $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal in the 3rd quarter valued at about $810,000. FCG Investment Co bought a new stake in shares of PayPal during the 3rd quarter valued at about $1,079,000. Finally, Equity Investment Corp grew its holdings in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing 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 Performance

Shares of NASDAQ PYPL opened at $89.73 on Friday. The firm’s 50-day moving average price is $87.62 and its 200-day moving average price is $77.49. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a market cap of $89.96 billion, a PE ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Macquarie lifted their price objective on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Stephens increased their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, UBS Group raised their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

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.