PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Increased by Red Spruce Capital LLC

Red Spruce Capital LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,307 shares of the credit services provider’s stock after purchasing an additional 1,362 shares during the period. PayPal makes up 3.5% of Red Spruce Capital LLC’s holdings, making the stock its 6th biggest holding. Red Spruce Capital LLC’s holdings in PayPal were worth $7,878,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC grew its position in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in PayPal in the third quarter worth approximately $387,435,000. United Advisor Group LLC acquired a new position in PayPal during the 3rd quarter worth approximately $810,000. FCG Investment Co purchased a new stake in shares of PayPal in the 3rd quarter valued at approximately $1,079,000. Finally, Equity Investment Corp raised its holdings in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 2.2 %

Shares of PYPL stock opened at $89.77 on Wednesday. The stock has a market cap of $90.00 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.57 and a beta of 1.44. 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 fifty-two week low of $55.77 and a fifty-two week high of $93.66. The business has a fifty day simple moving average of $87.50 and a 200-day simple moving average of $77.20.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Stephens increased their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Mizuho boosted their price objective on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, 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. Fourteen equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus 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.