PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,431 shares of the credit services provider’s stock after acquiring an additional 188 shares during the quarter. Foundations Investment Advisors LLC’s holdings in PayPal were worth $378,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Algert Global LLC purchased a new stake in shares of PayPal in the second quarter valued at approximately $435,000. EP Wealth Advisors LLC grew its holdings in PayPal by 10.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider’s stock valued at $641,000 after buying an additional 1,075 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of PayPal in the 2nd quarter worth $9,517,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of PayPal during the 2nd quarter worth $17,707,000. Finally, Anchor Investment Management LLC boosted its position in shares of PayPal by 5.8% during the 2nd quarter. Anchor Investment Management LLC now owns 32,044 shares of the credit services provider’s stock valued at $1,860,000 after acquiring an additional 1,756 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PYPL shares. The Goldman Sachs Group raised their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Canaccord Genuity Group increased their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Finally, Wells Fargo & Company increased their price target on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $89.48.

PayPal Stock Performance

PYPL opened at $89.57 on Friday. The stock’s 50 day simple moving average is $88.04 and its 200 day simple moving average is $78.53. The stock has a market cap of $89.80 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate 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 net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.