Root Financial Partners LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Root Financial Partners LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,435 shares of the credit services provider’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Fulton Breakefield Broenniman LLC purchased a new position in shares of PayPal in the third quarter valued at approximately $232,000. Good Life Advisors LLC lifted its position in shares of PayPal by 14.7% in the third quarter. Good Life Advisors LLC now owns 6,151 shares of the credit services provider’s stock valued at $480,000 after acquiring an additional 786 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of PayPal by 17.5% in the third quarter. Global Retirement Partners LLC now owns 8,285 shares of the credit services provider’s stock valued at $646,000 after acquiring an additional 1,232 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of PayPal by 4.6% in the third quarter. Bleakley Financial Group LLC now owns 16,041 shares of the credit services provider’s stock valued at $1,252,000 after acquiring an additional 704 shares in the last quarter. Finally, Marshall Financial Group LLC purchased a new position in shares of PayPal in the third quarter valued at approximately $254,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PYPL. Stephens lifted their price objective on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Piper Sandler lifted their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Citigroup lifted their price objective on PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Trading Up 1.8 %

Shares of NASDAQ PYPL opened at $77.97 on Friday. The stock has a market capitalization of $77.13 billion, a PE ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44. The stock has a fifty day simple moving average of $86.66 and a 200-day simple moving average of $80.01. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its 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. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.