Atomi Financial Group Inc. Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atomi Financial Group Inc. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,339 shares of the credit services provider’s stock after buying an additional 1,108 shares during the period. Atomi Financial Group Inc.’s holdings in PayPal were worth $968,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Macquarie increased their price objective on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.32.

PayPal Price Performance

PYPL opened at $89.85 on Thursday. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a market cap of $90.08 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $87.57 and a two-hundred day simple moving average of $77.41.

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

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.