Ameliora Wealth Management Ltd. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ameliora Wealth Management Ltd. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,625 shares of the credit services provider’s stock, valued at approximately $139,000.

A number of other institutional investors have also modified their holdings of the stock. Czech National Bank boosted its holdings in shares of PayPal by 4.5% during the third quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock valued at $16,251,000 after acquiring an additional 8,925 shares during the period. Atomi Financial Group Inc. increased its stake in shares of PayPal by 13.4% in the third quarter. Atomi Financial Group Inc. now owns 10,231 shares of the credit services provider’s stock valued at $798,000 after purchasing an additional 1,211 shares during the period. City Holding Co. boosted its position in shares of PayPal by 2,480.0% during the third quarter. City Holding Co. now owns 12,255 shares of the credit services provider’s stock worth $956,000 after buying an additional 11,780 shares during the period. CWM LLC grew its holdings in PayPal by 10.1% in the 3rd quarter. CWM LLC now owns 123,565 shares of the credit services provider’s stock worth $9,642,000 after buying an additional 11,321 shares in the last quarter. Finally, Marcum Wealth LLC acquired a new stake in PayPal in the 3rd quarter valued at approximately $284,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. Keefe, Bruyette & Woods increased their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays boosted their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Macquarie boosted their target price on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Robert W. Baird decreased their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

PayPal Stock Performance

Shares of PayPal stock opened at $78.57 on Friday. The stock has a market capitalization of $78.77 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.49 and a beta of 1.44. The firm has a fifty day moving average of $87.87 and a two-hundred day moving average of $79.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.58 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.