Thurston Springer Miller Herd & Titak Inc. Purchases 1,188 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 226.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,713 shares of the credit services provider’s stock after buying an additional 1,188 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in PayPal were worth $146,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in shares of 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 buying an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter worth about $26,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its holdings 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 valued at $34,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Piper Sandler reissued a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a research note on Friday, November 22nd. Citigroup increased their price target on PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday. Oppenheimer assumed coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Susquehanna increased their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Finally, Stephens lifted their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Trading Down 0.8 %

NASDAQ PYPL opened at $88.92 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The business has a 50 day moving average price of $87.08 and a 200-day moving average price of $76.40. The company has a market cap of $89.15 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the business posted $0.97 EPS. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.