PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Increased by Cooper Financial Group

Cooper Financial Group boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,119 shares of the credit services provider’s stock after purchasing an additional 3,971 shares during the quarter. Cooper Financial Group’s holdings in PayPal were worth $1,888,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC grew its stake in shares of PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust grew its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares during the last quarter. Laraway Financial Advisors Inc grew its stake in shares of PayPal by 3.8% in the 3rd quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 154 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PYPL shares. Canaccord Genuity Group lifted their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt raised their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Macquarie raised their price target on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Sanford C. Bernstein cut shares of 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, UBS Group lifted their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Price Performance

NASDAQ:PYPL traded up $0.07 during mid-day trading on Monday, reaching $83.43. 4,358,846 shares of the company were exchanged, compared to its average volume of 7,020,095. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a fifty day moving average of $86.64 and a 200 day moving average of $75.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $83.64 billion, a PE ratio of 19.91, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal 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.