PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Boosted by Forza Wealth Management LLC

Forza Wealth Management LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,822 shares of the credit services provider’s stock after buying an additional 317 shares during the period. Forza Wealth Management LLC’s holdings in PayPal were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter worth approximately $26,000. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% in the 4th 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 during the period. Planning Capital Management Corp boosted its holdings in PayPal by 186.1% during 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 in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

PayPal stock traded up $0.11 during trading hours on Monday, reaching $83.47. 4,470,845 shares of the stock were exchanged, compared to its average volume of 7,048,022. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $83.68 billion, a P/E ratio of 19.92, a P/E/G ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm’s 50 day moving average is $86.64 and its 200 day moving average is $75.92.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Morgan Stanley upped their price target on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

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.