Greater Midwest Financial Group LLC Has $1.79 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greater Midwest Financial Group LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,001 shares of the credit services provider’s stock after purchasing an additional 2,289 shares during the quarter. PayPal accounts for about 1.1% of Greater Midwest Financial Group LLC’s portfolio, making the stock its 22nd largest holding. Greater Midwest Financial Group LLC’s holdings in PayPal were worth $1,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PYPL. Cornerstone Wealth Management LLC increased its stake in PayPal by 41.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 11,063 shares of the credit services provider’s stock valued at $944,000 after acquiring an additional 3,219 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares in the last quarter. New Century Financial Group LLC bought a new position in shares of PayPal in the 4th quarter valued at $274,000. FCG Investment Co increased its stake in shares of PayPal by 8.6% in the 4th quarter. FCG Investment Co now owns 15,019 shares of the credit services provider’s stock valued at $1,282,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Secure Asset Management LLC bought a new stake in shares of PayPal during the 4th quarter worth $257,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of 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 shares of PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Robert W. Baird increased their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.32.

PayPal Trading Down 0.1 %

Shares of PYPL stock opened at $89.73 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $87.62 and a 200-day moving average of $77.49. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The firm has a market cap of $89.96 billion, a P/E ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44.

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

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.