2,675 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Optas LLC

Optas LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,675 shares of the credit services provider’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC increased its position in 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 during the period. World Investment Advisors LLC bought a new position in shares of PayPal in the third quarter worth $387,435,000. United Advisor Group LLC acquired a new position in shares of PayPal during the third quarter valued at $810,000. FCG Investment Co bought a new stake in shares of PayPal during the third quarter valued at about $1,079,000. Finally, Equity Investment Corp grew its position in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $77.72 on Wednesday. The firm has a market cap of $77.92 billion, a P/E ratio of 18.55, a PEG ratio of 1.49 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. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The stock’s 50-day moving average is $88.20 and its two-hundred day moving average is $79.26.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group boosted their price target 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. UBS Group boosted their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Susquehanna increased 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. Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

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.