Weaver Capital Management LLC Takes $220,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Weaver Capital Management LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,574 shares of the credit services provider’s stock, valued at approximately $220,000.

A number of other large investors have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp grew its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday. UBS Group increased their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Stephens increased their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Piper Sandler lifted their price target on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $89.29.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $79.20 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $79.40 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company has a 50-day simple moving average of $88.01 and a 200-day simple moving average of $79.39. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share 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.