Klingman & Associates LLC Purchases Shares of 2,536 PayPal Holdings, Inc. (NASDAQ:PYPL)

Klingman & Associates LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,536 shares of the credit services provider’s stock, valued at approximately $216,000.

Other large investors have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new stake in PayPal in the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC bought a new stake in PayPal in the 3rd quarter worth approximately $810,000. FCG Investment Co bought a new stake in PayPal in the 3rd quarter worth approximately $1,079,000. Finally, Equity Investment Corp increased its stake in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PYPL shares. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. BMO Capital Markets boosted their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Morgan Stanley cut their target price on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

Shares of PYPL stock opened at $78.36 on Thursday. The stock has a market capitalization of $77.52 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The stock has a fifty day simple moving average of $85.98 and a two-hundred day simple moving average of $80.56.

PayPal (NASDAQ:PYPL) last released 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. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.