PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Increased by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,235 shares of the credit services provider’s stock after buying an additional 2,404 shares during the quarter. Lake Street Private Wealth LLC’s holdings in PayPal were worth $2,922,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PYPL. Dimensional Fund Advisors LP increased its stake in PayPal by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after purchasing an additional 409,322 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of PayPal in the second quarter worth about $1,645,000. Axxcess Wealth Management LLC increased its position in shares of PayPal by 50.8% in the second quarter. Axxcess Wealth Management LLC now owns 11,171 shares of the credit services provider’s stock worth $648,000 after acquiring an additional 3,763 shares in the last quarter. SYSTM Wealth Solutions LLC raised its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Finally, WCG Wealth Advisors LLC purchased a new stake in shares of PayPal in the 2nd quarter valued at approximately $702,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 3.3 %

PayPal stock opened at $91.81 on Friday. The firm has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. The firm has a fifty day moving average price of $87.23 and a two-hundred day moving average price of $76.49. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week 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 released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective 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. Macquarie lifted their price target on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. UBS Group increased their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Robert W. Baird upped their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $89.32.

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.