Red Door Wealth Management LLC Acquires 2,872 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Red Door Wealth Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,089 shares of the credit services provider’s stock after buying an additional 2,872 shares during the quarter. Red Door Wealth Management LLC’s holdings in PayPal were worth $4,104,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PYPL. Park Place Capital Corp increased its position in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC grew its stake in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the period. Finally, Brave Asset Management Inc. raised its position 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 worth $241,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Monness Crespi & Hardt increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Piper Sandler reissued a “neutral” rating and issued a $88.00 target price on shares of PayPal in a report on Friday, November 22nd. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Price Performance

PayPal stock opened at $89.73 on Friday. The business has a 50-day moving average of $87.62 and a 200-day moving average of $77.49. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $89.96 billion, a P/E ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66.

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

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.