Fourpath Capital Management LLC Acquires 154 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Fourpath Capital Management LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,162 shares of the credit services provider’s stock after purchasing an additional 154 shares during the period. Fourpath Capital Management LLC’s holdings in PayPal were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton raised its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its position in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Fourteen research 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, PayPal presently has an average rating of “Moderate Buy” and an average price target of $89.48.

PayPal Price Performance

PYPL opened at $77.72 on Wednesday. The firm has a market cap of $77.92 billion, a PE ratio of 18.55, a P/E/G ratio of 1.49 and a beta of 1.44. The stock has a 50-day moving average price of $88.20 and a 200-day moving average price of $79.26. 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 issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

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.