Howard Capital Management Inc. Buys 1,039 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Howard Capital Management Inc. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,417 shares of the credit services provider’s stock after acquiring an additional 1,039 shares during the period. Howard Capital Management Inc.’s holdings in PayPal were worth $3,876,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC lifted its position in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the period. World Investment Advisors LLC purchased a new position in PayPal during the third quarter valued at $387,435,000. United Advisor Group LLC purchased a new position in PayPal during the third quarter valued at $810,000. FCG Investment Co purchased a new position in PayPal during the third quarter valued at $1,079,000. Finally, Equity Investment Corp lifted its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on PYPL shares. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Monness Crespi & Hardt lifted their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Piper Sandler lifted their price target on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Canaccord Genuity Group lifted their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Trading Down 3.5 %

PayPal stock opened at $74.95 on Friday. The business has a 50-day simple moving average of $85.18 and a two-hundred day simple moving average of $80.75. The company has a market cap of $74.14 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.