Kestra Private Wealth Services LLC Has $5.67 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Kestra Private Wealth Services LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,474 shares of the credit services provider’s stock after buying an additional 9,039 shares during the period. Kestra Private Wealth Services LLC’s holdings in PayPal were worth $5,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares during the last quarter. FMR LLC raised its position in PayPal by 86.3% during the 3rd 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 last quarter. World Investment Advisors LLC acquired a new position in PayPal during the 3rd quarter worth about $387,435,000. Robeco Institutional Asset Management B.V. grew its position in shares of PayPal by 174.1% in the 4th 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 buying an additional 2,689,162 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Barclays increased their target price 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. Stephens raised their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. UBS Group increased their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley reduced their target price on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Thirteen 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.45.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $77.31 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $87.52 and a two-hundred day simple moving average of $79.63. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The firm has a market cap of $76.48 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company 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%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Company 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.