Allegiance Financial Group Advisory Services LLC Invests $273,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Allegiance Financial Group Advisory Services LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,199 shares of the credit services provider’s stock, valued at approximately $273,000.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its position in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. Mizuho Securities USA LLC increased its position in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the period. Primecap Management Co. CA increased its position in PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after acquiring an additional 1,069,356 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its position in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL stock opened at $72.05 on Thursday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $71.27 billion, a P/E ratio of 17.97, a PEG ratio of 1.27 and a beta of 1.44. The firm’s 50 day moving average is $84.25 and its 200 day moving average is $80.96.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PYPL shares. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Macquarie lifted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus target price of $90.55.

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.