PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Raised by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,310 shares of the credit services provider’s stock after acquiring an additional 1,025 shares during the quarter. Global Retirement Partners LLC’s holdings in PayPal were worth $795,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in 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 buying an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted 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 buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PYPL shares. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Stock Performance

NASDAQ PYPL opened at $74.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.44. The company’s fifty day moving average is $85.18 and its two-hundred day moving average is $80.63. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.