Strategic Financial Concepts LLC Invests $25.43 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Strategic Financial Concepts LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 297,992 shares of the credit services provider’s stock, valued at approximately $25,434,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. Mizuho Securities USA LLC raised its stake in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. Primecap Management Co. CA lifted its holdings in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after acquiring an additional 1,069,356 shares during the last quarter. World Investment Advisors LLC acquired a new position in PayPal in the third quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

NASDAQ PYPL opened at $77.31 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a market cap of $76.48 billion, a PE ratio of 18.45, a PEG ratio of 1.49 and a beta of 1.44. The stock’s 50-day moving average price is $87.71 and its two-hundred day moving average price is $79.38.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PYPL shares. Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

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.