Whitaker Myers Wealth Managers LTD. Acquires New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Whitaker Myers Wealth Managers LTD. acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,816 shares of the credit services provider’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its position in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Wynn Capital LLC lifted its position in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after buying an additional 130 shares during the last quarter. Brave Asset Management Inc. lifted its position in shares of PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after buying an additional 141 shares during the last quarter. Finally, First United Bank & Trust lifted its position in shares of PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after buying an additional 145 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 3.3 %

Shares of PYPL stock opened at $91.81 on Friday. 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 fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a market cap of $92.04 billion, a PE ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. The stock’s fifty day moving average price is $87.40 and its two-hundred day moving average price is $76.72.

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

Analyst Ratings Changes

PYPL has been the subject of a number of recent analyst reports. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Mizuho increased their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.32.

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.