PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Byrne Asset Management LLC

Byrne Asset Management LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,028 shares of the credit services provider’s stock after purchasing an additional 950 shares during the period. Byrne Asset Management LLC’s holdings in PayPal were worth $1,283,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Place Capital Corp boosted its stake 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 worth $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake 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 worth $26,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC boosted its position in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Brave Asset Management Inc. grew its stake in PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after acquiring an additional 141 shares in the last quarter. Finally, First United Bank & Trust grew its stake in PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

PYPL stock opened at $77.31 on Friday. The stock has a market cap of $76.48 billion, a P/E ratio of 19.28, a PEG ratio of 1.29 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The company’s 50 day moving average is $87.71 and its two-hundred day moving average is $79.38.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the business earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group raised their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Mizuho boosted their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Macquarie raised their price objective on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.29.

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.