Donald L. Hagan LLC Has $2.11 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Donald L. Hagan LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,691 shares of the credit services provider’s stock after selling 945 shares during the period. PayPal makes up approximately 1.1% of Donald L. Hagan LLC’s portfolio, making the stock its 15th biggest holding. Donald L. Hagan LLC’s holdings in PayPal were worth $2,107,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC raised 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 acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal in the 3rd quarter valued at $810,000. FCG Investment Co acquired a new position in shares of PayPal during the 3rd quarter valued at $1,079,000. Finally, Equity Investment Corp grew its holdings in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. Mizuho lifted their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Morgan Stanley lifted their price target on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Citigroup lifted their price target on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Up 0.9 %

PYPL opened at $89.57 on Friday. The stock has a market cap of $89.80 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.49 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. The company’s 50-day moving average price is $88.04 and its two-hundred day moving average price is $78.53. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

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. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share 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.