Secure Asset Management LLC Purchases Shares of 3,012 PayPal Holdings, Inc. (NASDAQ:PYPL)

Secure Asset Management LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,012 shares of the credit services provider’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the 4th 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 last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the third quarter valued at $26,000. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.7 %

PYPL stock opened at $89.11 on Friday. The firm has a market cap of $89.34 billion, a PE ratio of 21.27, a PEG ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $87.76 and its 200-day moving average price is $77.79.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the business posted $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of several recent research reports. Wolfe Research upgraded 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. Morgan Stanley lifted their price objective on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Citigroup increased their target price on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.48.

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.