PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Lifted by Vest Financial LLC

Vest Financial LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,766 shares of the credit services provider’s stock after buying an additional 651 shares during the quarter. Vest Financial LLC’s holdings in PayPal were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Park Place Capital Corp lifted its holdings 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 increased its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. Wynn Capital LLC lifted its holdings in shares of 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 buying an additional 130 shares in the last quarter. Brave Asset Management Inc. boosted its position in shares of PayPal by 5.2% in the fourth 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 during the period. Finally, First United Bank & Trust grew its stake in shares of PayPal by 6.4% in the third 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.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Canaccord Genuity Group increased their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler lifted their price objective on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Phillip Securities restated an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.45.

PayPal Stock Performance

Shares of PayPal stock opened at $77.31 on Monday. The business has a 50-day moving average price of $87.52 and a two-hundred day moving average price of $79.63. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The company 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.

PayPal (NASDAQ:PYPL) last released its 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 return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Company 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.