Wolff Wiese Magana LLC Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wolff Wiese Magana LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,911.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,379 shares of the credit services provider’s stock after purchasing an additional 3,211 shares during the period. Wolff Wiese Magana LLC’s holdings in PayPal were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of PYPL. Bruce G. Allen Investments LLC raised its holdings in 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 valued at $141,000 after buying an additional 124 shares during the period. Rosenberg Matthew Hamilton raised 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 valued at $26,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC lifted its holdings in shares of PayPal by 1.1% in the 4th 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. First United Bank & Trust boosted its stake in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PYPL opened at $89.19 on Wednesday. The firm has a market capitalization of $89.42 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average price is $86.91 and its 200-day moving average price is $76.31. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. 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. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday, December 13th. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Macquarie upped their price target on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Oppenheimer started coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $89.16.

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.